GoHealth Shares Tumble After Surprise Q4 Loss, Revenue Miss-March 2024-www.financetom.com

GoHealth Shares Tumble After Surprise Q4 Loss, Revenue Miss

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GoHealth Shares Tumble After Surprise Q4 Loss, Revenue Miss

Mar 14, 2024 11:34 AM

02:06 PM EDT, 03/14/2024 (MT Newswires) -- GoHealth ( GOCO ) shares tumbled 14% in recent Thursday trading following the company posted an unexpected quarterly loss and less-than-expected revenue growth.

The company reported a Q4 net loss Thursday of $0.22 per diluted share, narrowing from a loss of $7 a year earlier. Three analysts polled by Capital IQ expected earnings of $2.12.

Net revenue in the quarter ended Dec. 31 rose to $276.7 million from $69.4 million a year earlier. Three analysts surveyed by Capital IQ expected $363.9 million.

Price: 11.30, Change: -1.77, Percent Change: -13.51

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