BUZZ-EverQuote jumps after Q3 profit beats expectations

Reuters
05 Nov 2024

** Shares of online insurance marketplace EverQuote jump 8% to $18.70 after the bell

** EVER posts Q3 profit of 31 cents/shr, smashing Wall Street expectations of 22 cents/shr, according to data compiled by LSEG

** Q3 revenue soars 163% to $144.5 mln, thanks to strong recovery in the auto industry

** EVER expects Q4 revenue to be between $131 mln and $136 mln, compared with estimates of $126.2 mln

** Q3 results evidence that we are emerging from the auto insurance downturn as a stronger company - CEO Joseph Sanborn

** As of last close, EVER shares up 41.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10