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EHealth tops Street 3Q forecasts

MOUNTAIN VIEW, Calif. (AP) _ EHealth Inc. (EHTH) on Thursday reported third-quarter net income of $3.6 million.

The Mountain View, California-based company said it had net income of 20 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 30 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The provider of Internet-based heath insurance agency services posted revenue of $38.2 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $36.4 million.

EHealth shares have decreased 51 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.10, a decrease of 44 percent 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 EHTH at http://www.zacks.com/ap/EHTH

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Keywords: eHealth, Earnings Report

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