The company is expecting second-quarter revenue to be $6.7 billion, well below previous guidance for $8.1 billion.
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Shares of Clover Health Investments Corp. , which offers insurance plans to Medicare Advantage members, were off more than 6% in after-hours trading Monday after the company delivered a mixed earnings report and disclosed that its chief executive would be stepping down from that post at year's end. The company posted a net loss of $104.2 million, compared with a loss of $317.6 million a year earlier. Clover Health did not offer an earnings-per-share figure in its release. Clover posted a loss on