SLQT - SelectQuote sharply lower after bottom line miss

SelectQuote (SLQT) shares sink 15.5% after missing bottom line estimates for fiscal Q3.Q3 highlights: Revenue rose 80% Y/Y to $266.9 million, Adjusted EBITDA was up 48% to $65.2M.Revenue by segment: Senior division, $215.6M (up 101% Y/Y); Life division, $46.4M (up 50%); Auto & home division, $7.0M (down 33%)."During the quarter, we also refinanced our credit agreement and secured an additional $292 million of committed capital, $147 million immediately and another $145 million in a committed delayed draw term loan".The company sees FY21 revenue in the range of $920-$940M vs. a consensus of $934.46M; Expects net income in a range of $130M to $138M.Previously (May 11): SelectQuote EPS misses by $0.02, beats on revenue

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SelectQuote sharply lower after bottom line miss