Clover Health Revises 2023 Adjusted EBITDA Outlook To ($55)M-($80)M From Prior ($70)M-($120)M
Portfolio Pulse from Benzinga Newsdesk
Clover Health has revised its 2023 adjusted EBITDA outlook to a loss of $55M-$80M, an improvement from the previous estimate of a loss of $70M-$120M.
November 06, 2023 | 9:14 pm
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Clover Health's revised 2023 adjusted EBITDA outlook is less negative than previously estimated, which could be seen as a positive sign by investors.
Clover Health's revised 2023 adjusted EBITDA outlook is less negative than previously estimated. This suggests that the company's financial performance may be improving, which could be seen as a positive sign by investors and potentially lead to an increase in the stock price in the short term.
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