- A higher net income expected in Q4 than previously projected has propelled eHealth ( NASDAQ: EHTH ) 24% higher in after-hours trading on Tuesday.
- The online health insurance marketplace sees Q4 revenue of $395M-$405M compared to prior guidance of $375M-$395M.
- Non-GAAP net loss for the year is expected to be $93M-$88M compared to prior guidance of $115M-$92M.
- eHealth ( EHTH ) added that it beat its cost reduction goals for 2022 by achieving greater than $110M in net operating cost savings compared to 2021.
- The company is schedule to report its quarterly earnings on Feb. 16.
- Seeking Alpha views eHealth ( EHTH ) as a hold with high marks for valuation and momentum .
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eHealth up 24% in after-hours trading on preliminary Q4 results