eHealth rises on upbeat prelim Q4 revenue

eHealth

26/01/2024 15:24

** Shares of online insurance marketplace eHealth  EHTH.O 
rise 21% to $6.75 in morning trade    
    ** Co expects Q4 rev to be in the range of $241 mln to $249
mln vs. Wall Street estimates of $244.1 mln - LSEG 
    ** EHTH sees Q4 profit to be between $47 mln and $52 mln vs.
$20.7 mln a year-ago 
     ** Co says it scaled up its telesales organization,
launched a successful brand campaign, and enhanced customer
experience on its platform ahead of the quarter
    ** EHTH also says it saw favorable commission collections
from existing member cohorts during 2023
    ** Stock down 5.9% in the last 12 months 

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))