Tiger Brokers

BUZZ-EverQuote jumps after Q3 profit beats expectations

Reuters
Nov 05, 2024

** Shares of online insurance marketplace EverQuote jump 8% to $18.70 after the bell

** EVER posts Q3 profit of 31 cents/shr, smashing Wall Street expectations of 22 cents/shr, according to data compiled by LSEG

** Q3 revenue soars 163% to $144.5 mln, thanks to strong recovery in the auto industry

** EVER expects Q4 revenue to be between $131 mln and $136 mln, compared with estimates of $126.2 mln

** Q3 results evidence that we are emerging from the auto insurance downturn as a stronger company - CEO Joseph Sanborn

** As of last close, EVER shares up 41.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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