ROOT - Root Stock Rips Higher Following Q1 Earnings: The Details | Benzinga
Root Inc (NASDAQ:ROOT) shares are rising in Tuesday’s after-hours session after the company reported better-than-expected financial results for the first quarter.
- Q1 Revenue: $254.9 million versus estimates of $204.28 million
- Q1 EPS: Loss of 42 cents versus estimates for loss of $2.48
Root said it “nearly quadrupled” total new writings and grew policies-in-force 101% on a year-over-year basis. The company generated positive operating income of $5 million, positive EBITDA of $15 million and delivered its third consecutive ...