Alignment Healthcare Reports Q3 Revenue Beat Amid 37% Year-over-Year Growth
Alignment Healthcare (ALHC) reported third-quarter financial results featuring a significant revenue beat. The company generated $1.36 billion in revenue, surpassing analyst expectations by $50 million and representing a 36.9% increase compared to the same period last year. While GAAP earnings per share (EPS) of -$0.04 met market expectations, the company's adjusted gross profit rose 11.6% year-over-year to $142.2 million. Despite the top-line growth and revenue beat, Alignment Healthcare reported an operating loss of $3.8 million for the quarter.
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