EHealth: 2Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ EHealth Inc. (EHTH) on Thursday reported a loss of $5.8 million in its second quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 25 cents. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
The provider of internet-based heath insurance agency services posted revenue of $65.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $38.1 million.
EHealth expects full-year earnings in the range of $1.77 to $1.97 per share, with revenue in the range of $365 million to $385 million.
EHealth shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $85.48, more than tripling in the last 12 months.