eHealth - eHealth shares fall on 4Q financial results -...

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Companies: eHealth, Inc. Topics: Earnings eHealth shares fall on 4Q financial results eHealth shares dip on disappointing 4th-quarter revenue results, application rate slowdown On Friday February 12, 2010, 2:40 pm EST NEW YORK (AP) -- Shares of eHealth Inc., a Web site that markets health insurance to consumers and small businesses, fell Friday after the company's fourth-quarter revenue results missed Wall Street expectations and application growth slowed. The stock fell $1.60, or 8.9 percent, to $16.29 in afternoon trading. Shares have traded between $11.59 and $19.60 over the last 52 weeks. Late Thursday, the company said it earned $4.8 million, or 20 cents per share, marking a 30 percent boost from $3.6 million, or 14 cents per share, during the same period a year prior. Revenue rose 17 percent to $34.4 million from $29.5 million. Analysts polled by Thomson Reuters expected profit of 16 cents per share on revenue of $35.4 million. During the quarter, submitted applications for individual and family insurance rose 6 percent to 122,300
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This note was uploaded on 03/06/2011 for the course FN 361 taught by Professor Larson during the Spring '11 term at Clarkson University .

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eHealth - eHealth shares fall on 4Q financial results -...

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