Alignment Healthcare: Q4 Earnings Snapshot

ORANGE, Calif. (AP) — ORANGE, Calif. (AP) — Alignment Healthcare Inc. (ALHC) on Tuesday reported a loss of $47.2 million in its fourth quarter.

The Orange, California-based company said it had a loss of 25 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The Medicare Advantage insurer posted revenue of $465.4 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $441.4 million.

For the year, the company reported that its loss narrowed to $148 million, or 79 cents per share. Revenue was reported as $1.82 billion.

For the current quarter ending in March, Alignment Healthcare said it expects revenue in the range of $590 million to $600 million.

The company expects full-year revenue in the range of $2.38 billion to $2.41 billion.

Alignment Healthcare shares have dropped 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.92, a drop of 28% 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