EverQuote jumps after Q3 profit beats expectations

EverQuote

04/11/2024 23:13

** Shares of online insurance marketplace EverQuote  EVER.O 
jump 8% to $18.70 after the bell
    ** EVER posts Q3 profit of 31 cents/shr, smashing Wall
Street expectations of 22 cents/shr, according to data compiled
by LSEG
    ** Q3 revenue soars 163% to $144.5 mln, thanks to strong
recovery in the auto industry
    ** EVER expects Q4 revenue to be between $131 mln and $136
mln, compared with estimates of $126.2 mln
    ** Q3 results evidence that we are emerging from the auto
insurance downturn as a stronger company - CEO Joseph Sanborn 
    ** As of last close, EVER shares up 41.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))