Alignment Healthcare Q4 EPS misses estimate by $0.02, but exceeds revenue expectations; Q1 2024 and FY 2024 revenue guidance increased.

Alignment Healthcare Q4 EPS misses estimate by $0.02, revenue comes in higher than expected at $465.4M. Q1 2024 revenue guidance is $590-$600M vs. consensus of $554.2M, FY 2024 revenue guidance is $2.380-$2.410B vs. consensus of $2.293B. The company reports a 27.2% increase in total revenue to $1.82B for 2023 and a 21.1% increase in health plan membership to 119,200 members. Alignment Healthcare anticipates reaching adjusted EBITDA breakeven at the midpoint of the outlook ranges, indicating potential improvements in profitability.