EverQuote spiked 7.8% in pre-market trading on Feb. 23 after the online insurance company posted a lower-than-expected loss in the fourth quarter. Results were driven by 32% rise in revenues and strong operating efficiency. EverQuote (EVER) incurred a loss of $0.13 per share in 4Q, compared with the $0.15 loss per share estimated by analysts. Total sales generated in the quarter amounted to $97.3 million topping analysts’ expectations of $91.79 million. The company’s automotive insurance vertical revenue increased 27% year-over-year to $76.2 million. The variable marketing margin was $31.9 million, up 46%. Adjusted EBITDA came in at $5.4 million, up from $4.2 million recorded in the prior-year period.
https://www.tipranks.com/news/everquote-jumps-8-pre-market-on-better-than-feared-quarterly-loss