EHealth Reports Q2 Non-GAAP EPS Of $0.22; Cuts Full Year Guidance - Quick Facts

(RTTNews) - eHealth, Inc. (EHTH) reported that its second-quarter net income increased to $3.0 million, or $0.15 per share, from $1.1 million, or $0.06 per share, prior year. Non-GAAP net income for the second quarter of 2014 was $4.3 million, or $0.22 per share.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.09 for the quarter. Analysts' estimates typically exclude special items.

Revenue totaled $42.6 million, a 7% increase compared to $39.8 million for the second quarter of 2013. Analysts expected revenue of $47.36 million for the quarter.

eHealth revised guidance for the full year ending December 31, 2014. Total revenue is expected to be in the range of $185 million to $194 million, compared to previous guidance of $206 million to $213 million. Non-GAAP net income per share is expected to be in the range of $0.30 to $0.43, compared to previous guidance of $0.43 to $0.51. Analysts expect the company to report full year profit per share of $0.10 on revenue of $209.29 million.

Gary Lauer, CEO of eHealth stated, "The marketplace in which we operate has changed significantly as a result of the Affordable Care Act. In the face of these changes our overall membership has grown, our Individual & Family Plan membership has remained constant year-over-year, and we continued to see strong demand for Medicare and ancillary products. Additionally our overall earnings grew as a result of our flexible business model."