ORANGE, Calif. (AP) — ORANGE, Calif. (AP) — Alignment Healthcare Inc. (ALHC) on Tuesday reported a loss of $26.4 million in its third quarter.
The Orange, California-based company said it had a loss of 14 cents per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for a loss of 14 cents per share.
The Medicare Advantage insurer posted revenue of $692.4 million in the period, exceeding Street forecasts. Eight analysts surveyed by Zacks expected $662.6 million.
For the current quarter ending in December, Alignment Healthcare said it expects revenue in the range of $663 million to $678 million.
The company expects full-year revenue in the range of $2.67 billion to $2.68 billion.
Alignment Healthcare shares have increased 36% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.71, an increase of 75% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALHC at https://www.zacks.com/ap/ALHC
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