Shares of GoHealth, Inc. (GOCO) plunged 6.7% in Thursday’s pre-market trade due to a wider-than-expected loss reported by the company in the second quarter of 2021. GoHealth is a health insurance marketplace and a Medicare-focused digital health company. The company reported a loss of $0.12 per share, which was wider than the Street's loss estimate of $0.04. Net revenues soared 55% year-over-year to $196.9 million and surpassed the consensus mark of $175.1 billion. The top line was supported by a 52.7% year-over-year growth in commissions, along with a 62.2% increase in enterprise revenues. Notably, total medicare commissionable submitted policies in Q2 grew 52% to 156,559. Segment-wise, Medicare–Internal revenues comprised 81.
https://www.tipranks.com/news/gohealth-posts-mixed-q2-results-shares-drop-6-7?utm_source=advfn.com&utm_medium=referral
GoHealth (NASDAQ:GOCO)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more GoHealth Charts.
GoHealth (NASDAQ:GOCO)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more GoHealth Charts.