Published on 29 Feb 2024 on Zacks via Yahoo Finance
eHealth (EHTH) Q4 Earnings Miss on Higher Operating Costs
eHealth, Inc. EHTH reported a fourth-quarter 2023 adjusted earnings of $1.61 per share, missing the Zacks Consensus Estimate by 17%. The bottom line, however, jumped from the prior-year quarter’s earnings of $1.14 per share.
The top line increased 26% year over year to $247.7 million. The figure beat the consensus mark by 1.3%.
The lower-than-expected earnings were caused by higher operating costs and expenses and weaker performance in Employer and Individual businesses. The negatives were partially offset by higher commissions and total approved members.