eHealth, Inc. Announces Second Quarter 2020 Results
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eHealth (EHTH) Tops Q2 EPS by 21c, Revenues Beat; Raises FY20 EPS/Revenue Guidance Above Consensus
July 23, 2020 4:21 PM EDTeHealth (NASDAQ: EHTH) reported Q2 EPS of $0.07, $0.21 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $88.8 million versus the consensus estimate of $80.78 million.
Scott Flanders, chief executive officer of eHealth stated, "eHealth delivered another quarter of strong revenue and Medicare enrollment growth. The number of second quarter Medicare approved members grew ahead of our expectations driven by favorable market dynamics, growth in online enrollments and an increase in agent productivity compared to a year ago. Importantly, this enrollment growth was achieved while also reducing our total acquisition costs... More
