Alignment Healthcare Q1 2024 GAAP EPS $(0.25) Misses $(0.22) Estimate, Sales $628.601M Beat $595.125M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alignment Healthcare (NASDAQ:ALHC) reported Q1 2024 earnings with a GAAP EPS of $(0.25), missing the $(0.22) estimate, and sales of $628.601M, beating the $595.125M estimate. This represents a 25% decrease in EPS and a 43.14% increase in sales year-over-year.
May 02, 2024 | 8:03 pm
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Alignment Healthcare reported a Q1 2024 GAAP EPS of $(0.25), missing estimates, but sales of $628.601M exceeded expectations, showing significant year-over-year growth.
The miss in EPS may concern investors about profitability, but the significant beat in sales and year-over-year growth could indicate strong demand and operational success, leading to a neutral short-term impact.
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