Shares of eHealth, Inc. (EHTH), an online marketplace for health insurance, are rising more than 30% Wednesday morning after the company reported preliminary fourth- quarter revenue, better than analysts’ view.
The company sees revenue for the fourth quarter to be in the range of $190 million- $200 million. On average, 5 analysts polled by Thomson-Reuters expect the company to report revenue of $179 million for the quarter.
EHTH is at $7.16 currently. It has traded in the range of $2.67-$22.32 in the last 1 year.
Source: Read Full Article