Reports Q3 revenue $2.4B, consensus $2.34B. “Oscar reported positive third quarter results with strong revenue growth and improved financial performance,” said Mark Bertolini, CEO. “Our technology continues to enhance our growth and positions us to efficiently scale the business. We expect to deliver positive Adjusted EBITDA and net income profitability this year, setting a solid foundation to achieve our long-term targets.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OSCR:
- BofA shakes up ratings of healthcare stocks following Trump win
- Five Below downgraded, Snowflake upgraded: Wall Street’s top analyst calls
- Oscar Health downgraded to Underperform at BofA after Trump win
- Oscar Health downgraded to Underperform from Neutral at BofA
- Oscar Health call volume above normal and directionally bullish