Alignment Healthcare Third Quarter 2024 Earnings: Beats Expectations
Alignment Healthcare, Inc. ALHC | 14.15 14.15 | +6.55% 0.00% Pre |
Alignment Healthcare (NASDAQ:ALHC) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$692.4m (up 52% from 3Q 2023).
- Net loss: US$26.4m (loss narrowed by 25% from 3Q 2023).
- US$0.14 loss per share (improved from US$0.19 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alignment Healthcare Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.
The company's shares are up 11% from a week ago.
Risk Analysis
You should always think about risks.
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