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Jan. 23, 2020, 4:35 p.m. EST

EHealth stock jumps 15% after company outlook tops expectations

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By Claudia Assis

EHTH

EHealth Inc. /zigman2/quotes/202600750/composite EHTH -1.42% shares rose more than 15% in the extended session Thursday after online health insurance marketplace said it expects better-than-forecast fourth-quarter results when it reports in February. EHealth said it expects a GAAP profit between $53 million and $55 million, and quarterly revenue between $257.5 million to $259.5 million. Analysts polled by FactSet expect GAAP earnings of $2 a share on sales of $192 million. EHealth saw "record consumer demand to the eHealth platform allowing us to grow fourth-quarter approved Medicare members in excess of 85%," Chief Executive Scott Flanders said in a statement. "We remain excited about the Medicare market opportunity and significant growth potential ahead of us and are looking forward to sharing our outlook for 2020 as part of our fourth quarter earnings release next month." Shares of EHealth ended the regular trading day down 2.5%.

/zigman2/quotes/202600750/composite
US : U.S.: Nasdaq
$ 110.16
-1.59 -1.42%
Volume: 847,600
Feb. 27, 2020 4:00p
P/E Ratio
41.96
Dividend Yield
N/A
Market Cap
$2.58 billion
Rev. per Employee
$232,989
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