Why eHealth Shares Plunged 16% Yesterday?
<p><a href='https://financialmodelingprep.com/financial-summary/EHTH'>eHealth (NASDAQ:EHTH)</a> shares plunged more than 16% on Tuesday (recovered today - up 9%) despite the company reporting better-than-expected Q4 revenues of $196.3 million (vs. Street’s $179.01 million) and positive outlook. </p>
<p>Q4 adjusted diluted EPS came in at $1.14 came, beating the Street estimate of $0.83 driven by significant margin improvement in Medicare business with ongoing operating cost savings.</p>
<p>Despite the solid earnings beat and positive 2023 guidance, shares plummeted as some commentary around imminent details on a potential capital raise may have struck investors’ attention.</p>

NASDAQ:EHTH