RTTNews | Jul 30, 2021 11:42AM EDT

11:41 Friday, July 30, 2021 (RTTNews.com) - California-based insurance company, eHealth, Inc (EHTH) is trading 8% lower on a wider loss in the second quarter. But earnings managed to top estimates.

The net loss, as reported by the company, was $18.40 million or $0.86 per share, compared to a loss of $3.3 million or $0.13 per share.

Excluding special items, the loss was $12.13 million or $0.45 per share, compared to an earning of $1.7 million or $0.07 per share in the same quarter last year. Ten analysts polled by Thomson Reuters predicted a $0.61 loss for the quarter.

The revenue was $96.55 million, up from $88.76 million in the previous year. Eight analysts projected a $89.6 million revenue for the quarter.

The shares are trading at $51.64, down $4.38 or 7.82% since their previous close at $56.02. The shares opened at $53.99 in the morning and in the 52-week period, the shares have ranged between $47.84 and $94.41.

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