Alignment Healthcare Q3 EPS $(0.14), Inline, Sales $692.43M Beat $662.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alignment Healthcare reported Q3 earnings per share of $(0.14), meeting analyst expectations, and sales of $692.43 million, surpassing estimates by 4.58%. This marks a significant improvement from the previous year, with a 26.32% reduction in losses and a 51.61% increase in sales.
October 29, 2024 | 8:47 pm
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Alignment Healthcare's Q3 results show a reduction in losses and a significant increase in sales, with EPS meeting expectations and sales exceeding estimates.
The company's Q3 earnings per share met expectations, while sales exceeded estimates by 4.58%, indicating strong performance. The reduction in losses and significant sales growth compared to the previous year suggest positive momentum, likely leading to a short-term positive impact on the stock price.
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