Clover Health Investments Corp reports results for the quarter ended March 31 - Earnings Summary
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Clover Health Investments CorpQ) reported breakeven earnings per share for the quarter ended March 31, surpassing last year's EPS of -4 cents and beating analyst expectations of a loss of 6 cents. Revenue increased by 33.3% to $462.33 million, though it fell short of the $499.56 million forecast. The company reported a quarterly loss of $1.27 million. Analyst ratings remain mixed, with an average recommendation of "hold" and a median 12-month price target of $4.50.
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