SANTA CLARA, Calif. (AP) _ EHealth Inc. (EHTH) on Thursday reported a loss of $11 million in its third quarter.
The Santa Clara, California-based company said it had a loss of 47 cents per share. Losses, adjusted for one-time gains and costs, were 43 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The provider of internet-based heath insurance agency services posted revenue of $69.9 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $54.1 million.
EHealth expects full-year earnings in the range of $1.86 to $2.06 per share, with revenue in the range of $365 million to $385 million.
EHealth shares have increased 67% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $64.10, more than doubling in the last 12 months.