Stock Track | Clover Health Plunges Nearly 12% as Revenue Miss Overshadows Earnings Beat

Stock Track11-07

Shares of Clover Health Corp (NASDAQ: CLOV) plummeted 11.95% in a single trading session on November 6th, 2024, as the company's third-quarter revenue miss overshadowed its better-than-expected earnings performance.

The healthcare technology company reported Q3 2024 revenue of $330.99 million, falling short of analysts' expectations of $346.28 million. While Clover Health beat earnings estimates by reporting a smaller-than-anticipated loss of $0.02 per share, compared to the consensus estimate of a $0.04 loss, investors appeared to focus more on the top-line miss.

The revenue shortfall raised concerns among investors about the company's ability to maintain its growth trajectory and meet future revenue targets. Despite the earnings beat, the market reacted negatively, with Clover Health's stock plunging in the aftermath of the earnings release.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1153817808?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 10:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1153817808","market":"us","top_or_hot":-1,"title":"Stock Track | Clover Health Plunges Nearly 12% as Revenue Miss Overshadows Earnings Beat","media":"Stock Track","content":"<p>Shares of Clover Health Corp (NASDAQ: CLOV) plummeted 11.95% in a single trading session on November 6th, 2024, as the company's third-quarter revenue miss overshadowed its better-than-expected earnings performance.</p>\n\n<p>The healthcare technology company reported Q3 2024 revenue of $330.99 million, falling short of analysts' expectations of $346.28 million. While Clover Health beat earnings estimates by reporting a smaller-than-anticipated loss of $0.02 per share, compared to the consensus estimate of a $0.04 loss, investors appeared to focus more on the top-line miss.</p>\n\n<p>The revenue shortfall raised concerns among investors about the company's ability to maintain its growth trajectory and meet future revenue targets. Despite the earnings beat, the market reacted negatively, with Clover Health's stock plunging in the aftermath of the earnings release.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Clover Health Plunges Nearly 12% as Revenue Miss Overshadows Earnings Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Clover Health Plunges Nearly 12% as Revenue Miss Overshadows Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-07 10:26 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Clover Health Corp (NASDAQ: CLOV) plummeted 11.95% in a single trading session on November 6th, 2024, as the company's third-quarter revenue miss overshadowed its better-than-expected ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLOV","symbol_name":"Clover Health Corp","start_time":0,"source_url":"","article_id":"1153817808","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153817808","pubTimestamp":1730946416,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Clover Health Corp  plummeted 11.95% in a single trading session on November 6th, 2024, as the company's third-quarter revenue miss overshadowed its better-than-expected earnings performance.The healthcare technology company reported Q3 2024 revenue of $330.99 million, falling short of analysts' expectations of $346.28 million. While Clover Health beat earnings estimates by reporting a smaller-than-anticipated loss of $0.02 per share, compared to the consensus estimate of a $0.04 loss,","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CLOV":"Clover Health Corp"},"translate_title":"由于收入未达预期盖过盈利预期，Clover Health股价暴跌近12%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLOV":1},"content_text":"Shares of Clover Health Corp (NASDAQ: CLOV) plummeted 11.95% in a single trading session on November 6th, 2024, as the company's third-quarter revenue miss overshadowed its better-than-expected earnings performance.\nThe healthcare technology company reported Q3 2024 revenue of $330.99 million, falling short of analysts' expectations of $346.28 million. While Clover Health beat earnings estimates by reporting a smaller-than-anticipated loss of $0.02 per share, compared to the consensus estimate of a $0.04 loss, investors appeared to focus more on the top-line miss.\nThe revenue shortfall raised concerns among investors about the company's ability to maintain its growth trajectory and meet future revenue targets. Despite the earnings beat, the market reacted negatively, with Clover Health's stock plunging in the aftermath of the earnings release.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1153817808"}