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SelectQuote Shares Slump on Missed FQ3 Earnings

05/11/2021 13:02

04:48 PM EDT, 05/11/2021 (MT Newswires) -- Shares of SelectQuote (SLQT) were trading lower in Tuesday's after-hours session after the life insurance sales agency reported disappointing earnings for the fiscal third quarter ending March 31, and set 2021 revenue guidance.

The company earned a profit of $0.22 per share, up from $0.17 per share in the same quarter last year, but below the consensus estimate compiled by Capital IQ of $0.24 per share.

Revenue increased to $266.9 million from $148.6 million and beat the estimated $262.6 million.

For 2021, the company set its revenue guidance at $920 million to $940 million vs. the consensus estimate of $934.5 million.

Price: 24.90, Change: -2.50, Percent Change: -9.12