SelectQuote Inc down on dour 2023 revenue forecast

Selectquote

29/08/2022 14:04

** Shares of insurance policy comparison website SelectQuote
Inc  SLQT.N  down ~6% at $1.70 before the bell
    ** Company forecasts full-year 2023 revenue below estimates 
    ** SLQT expects 2023 revenue between $850 mln and $950 mln,
mid point of which is below analysts' average expectation of
$906 mln, per Refinitiv IBES data  urn:newsml:reuters.com:*:nBw4CjrpWa
    ** Company's Q4 revenue fell ~25% to $139.4 mln, missing
estimates of $199.2 mln
    ** SLQT also posts Q4 net loss of $104.7 mln, compared to
net income of $796,000 a year ago 
    ** Up to Friday's close, stock had fallen ~80% 

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))