Alignment Healthcare: Fourth Quarter Earnings Overview

Alignment Healthcare Reports Fourth Quarter Financial Results

Alignment Healthcare Inc., based in Orange, California, announced on Thursday that it recorded a net loss of $11 million for the fourth quarter.

This equates to a loss of 5 cents per share for the period.

Despite the loss, the company's performance surpassed analysts' expectations. According to Zacks Investment Research, six analysts had predicted a loss of 15 cents per share on average.

The Medicare Advantage provider generated $1.01 billion in revenue during the quarter, exceeding the $1 billion anticipated by seven analysts surveyed by Zacks.

Looking at the full year, Alignment Healthcare reported a reduced net loss of $724,000, with total revenue reaching $3.95 billion.

For the first quarter ending in March, the company projects revenue between $1.21 billion and $1.23 billion.

Full-year revenue is expected to fall within the range of $5.14 billion to $5.19 billion.

Since the start of the year, Alignment Healthcare's stock has risen by just over 3%. As of the close of trading on Thursday, shares were valued at $20.42, marking a 55% increase over the past year.

This article was created by Automated Insights using data from Zacks Investment Research.