ALHC - Alignment Healthcare Is 'Differentiated With Durable Long-Term Growth Trajectory' In Challenging Medicare Advantage Environment: Analyst Says | Benzinga
On Thursday, Alignment Healthcare Inc (NASDAQ:ALHC) reported a first-quarter EPS loss of $(0.25), up from $(0.20) a year ago, missing the consensus of $(0.22).
The company reported sales of $628.6 million, up 43.1% Y/Y, beating the consensus of $595.13 million and the management guidance of $590 million-$600 million.
The medical benefits ratio based on adjusted gross profit was 90.9%.
Health plan membership at the end of the quarter was approximately 165,100, up 50.5% Y/Y.
Guidance: Alignment Healthcare expects Q2 revenues of $625 million—$635 million versus the consensus of $608.65 million.
The company raised its fiscal year 2024 sales outlook from $2.38 billion—$2.41 billion to $2.495 billion—$2.525 billion, compared to the ...