Health Insurance Innovations: 3Q Earnings Snapshot
TAMPA, Fla. (AP) _ Health Insurance Innovations Inc. (HIIQ) on Tuesday reported third-quarter earnings of $4.8 million.
The Tampa, Florida-based company said it had profit of 40 cents per share. Earnings, adjusted for one-time gains and costs, came to 66 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The Web-based health coverage provider posted revenue of $75.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $90.3 million.
Health Insurance Innovations expects full-year earnings in the range of $4.10 to $4.35 per share, with revenue in the range of $400 million to $410 million.
Health Insurance Innovations shares have dropped 13% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.27, a decrease of 45% in the last 12 months.