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02-17-2011, 01:15 PM
LOS ANGELES (MarketWatch) -- Shares of e-Health Inc. jumped by more than 10% in early trading Thursday after the online health-insurance provider reported fourth-quarter earnings that exceeded estimates, even though the company's 2011 outlook was dimmer than forecasts. E-Health said net income was $8.6 million, or 38 cents a share, compared with $4.8 million, or 20 cents a share, for the same period a year ago. Sales for the Mountain View, Calif.-based company were $50.7 million against the $34.4 million a year ago. Adjusted earnings were 28 cents a share. Analysts polled by FactSet Research had expected the company to report earnings of 21 cents a share on sales of $44.1 million. For fiscal 2011, the company announced it expects earnings of 31 cents to 40 cents a share on sales of $141 million to $149 million. The FactSet estimate called for earnings of 62 cents a share on sales of $161.3 million, but was reduced after e-Health's earnings report.
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