Health Insurance Innovations: 3Q Earnings Snapshot

TAMPA, Fla. (AP) _ Health Insurance Innovations Inc. (HIIQ) on Monday reported third-quarter profit of $3 million.

The Tampa, Florida-based company said it had profit of 22 cents per share. Earnings, adjusted for one-time gains and costs, came to 61 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The Web-based health coverage provider posted revenue of $74 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $73.8 million.

Health Insurance Innovations expects full-year earnings in the range of $2.47 to $2.57 per share, with revenue in the range of $294 million to $304 million.

Health Insurance Innovations shares have increased 80 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $44.93, more than doubling in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIIQ at https://www.zacks.com/ap/HIIQ