Alignment Healthcare: Q3 Earnings Snapshot

ORANGE, Calif. (AP) — ORANGE, Calif. (AP) — Alignment Healthcare Inc. (ALHC) on Thursday reported a third-quarter loss of $8.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Orange, California-based company said it had a loss of 4 cents.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 4 cents per share.

The Medicare Advantage insurer posted revenue of $1.36 billion in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $1.31 billion.

For the current quarter ending in December, Alignment Healthcare said it expects revenue in the range of $1.32 billion.

The company expects full-year revenue of $5.25 billion.

Alignment Healthcare shares have fallen 59% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.06, a decrease of 56% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALHC at https://www.zacks.com/ap/ALHC