EHealth soars as preliminary sales top Street's estimates

eHealth

25/01/2023 16:11

(Updates)
    ** Shares of health insurance tech platform eHealth Inc
 EHTH.O  rise as much as 34% to $7.27; among top performers
across U.S. exchanges
    ** Stock set for best day if gains hold
    ** Co announces prelim. Q4 revenue in range of $190 mln-$200
mln vs Refinitiv mean est. of $175.2 mln
    ** Says FY22 revenue to be in range of $395 mln-$405 mln vs
Refinitiv est. of $385.6 mln
    ** Exceeded cost reduction goals by delivering over $110 mln
in net operating cost savings in 2022 vs 2021 - EHTH
    ** Co says Q4 telephonic conversion rates in the medicare
business rose more than 25%
    ** Stock fell 67% in last 12 months
 (Reporting by Aditya Samal)
 ((Aditya.Samal@thomsonreuters.com;))