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ABDUSHEKURALI
2023-11-07

My name is ABDUSHEKUR ALI

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Clover Health Tanks 12% As Healthcare Provider Q3 Sales Miss Estimate

Clover Health Investments reported quarterly sales of $482.07 million which missed the analyst consensus estimate of $494.60 million by 2.53 percent. This is a 43.74 percent decrease over sales of $856.82 million the same period last year.Clover Health shares tanked 12% in premarket trading Tuesday.Clover Health, a renowned healthcare provider, has recently made a significant revision to its projected 2023 Adjusted EBITDA outlook. As of November 6, 2023, the company has adjusted its estimated ea

Clover Health Tanks 12% As Healthcare Provider Q3 Sales Miss Estimate

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ABDUSHEKURALI
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J.M.A general trading
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This is a 43.74 percent decrease over sales of $856.82 million the same period last year.</p><p>Clover Health shares tanked 12% in premarket trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa00d9950989427ecd7be5e557a3d8ee\" tg-width=\"841\" tg-height=\"618\"/></p><p>Clover Health, a renowned healthcare provider, has recently made a significant revision to its projected 2023 Adjusted EBITDA outlook. As of November 6, 2023, the company has adjusted its estimated earnings before interest, taxes, depreciation, and amortization to a range of ($55) million – ($80) million. This revision comes as a surprise, as it signifies a potential decrease in expected profitability for Clover Health in the upcoming year.</p><p style=\"text-align: start;\">The revised outlook highlights the challenges that Clover Health may face in achieving its financial goals for 2023. 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