eHealth up 24% in after-hours trading on preliminary Q4 results

A higher net income expected in Q4 than previously projected has propelled eHealth (NASDAQ:EHTH) 24% higher in after-hours trading on Tuesday.
The online health insurance marketplace sees Q4 revenue of $395M-$405M compared to prior guidance of $375M-$395M.
Non-GAAP net loss for the year is expected to be $93M-$88M compared to prior guidance of $115M-$92M.
eHealth (EHTH) added that it beat its cost reduction goals for 2022 by achieving greater than $110M in net operating cost savings compared to 2021.
The company is scheduled to report its quarterly earnings on Feb. 16.
Seeking Alpha views eHealth (EHTH) as a hold with high marks for valuation and momentum.