Clover Health Updates FY23 Insurance Revenue Guidance From $1.20B-$1.23B To $1.21B-$1.23B
Portfolio Pulse from Benzinga Newsdesk
Clover Health has updated its FY23 insurance revenue guidance from $1.20B-$1.23B to $1.21B-$1.23B. Other financial metrics remain unchanged. The company has not provided reconciliations of projected Adjusted SG&A and Adjusted EBITDA to the most directly comparable GAAP measures due to the unpredictability of stock-based compensation expense.
November 06, 2023 | 9:41 pm
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Clover Health's updated FY23 insurance revenue guidance could potentially impact its stock price. The slight increase in projected revenue may be seen as a positive sign by investors.
The updated guidance shows a slight increase in the lower end of the projected insurance revenue range for FY23. This could be interpreted by investors as a sign of improved business performance, potentially leading to a positive impact on the stock price in the short term.
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