MAX - MediaAlpha Analysts Increase Their Forecasts After Upbeat Results | Benzinga
MediaAlpha, Inc. (NYSE: NAX) reported upbeat results for its fourth quarter on Tuesday.
MediaAlpha posted quarterly GAAP loss of 5 cents per share, compared to market estimates of 18 cents per share, according to data from Benzinga Pro. The company’s quarterly sales came in at $117.17 million versus estimates of $111.52 million.
"Our fourth quarter results exceeded expectations, driven primarily by improving conditions in our Property & Casualty (P&C) insurance vertical,” said MediaAlpha co-founder and CEO Steve Yi. "While our P&C vertical has been challenged by difficult market conditions for the past several years, ...