08:36 AM EDT, 08/07/2024 (MT Newswires) -- Oscar Health ( OSCR ) reported Q2 earnings Wednesday of $0.20 per diluted share, swinging from a loss of $0.07 a year earlier.

Analysts polled by Capital IQ expected $0.16.

Revenue for the quarter ended June 30 was $2.22 billion, up from $1.52 billion a year earlier.

Four analysts surveyed by Capital IQ expected $2.17 billion.

The health insurance company said it now expects 2024 revenue of $9 billion to $9.1 billion, up from its prior guidance of $8.3 billion to $8.4 billion. Four analysts polled by Capital IQ expect $8.67 billion.

Adjusted earnings before interest, taxes, depreciation and amortization for the quarter are now anticipated between $160 million and $210 million, up from Oscar's previous forecast of $125 million to $175 million.

Oscar shares were up 2.2% in recent premarket activity.

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