Health Insurance Innovations posts 1Q profit

TAMPA, Fla. (AP) _ Health Insurance Innovations Inc. (HIIQ) on Wednesday reported first-quarter earnings of $5.8 million.

The Tampa, Florida-based company said it had net income of 58 cents per share. Earnings, adjusted for non-recurring gains, were 36 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The Web-based health coverage provider posted revenue of $55.9 million in the period.

Health Insurance Innovations expects full-year earnings in the range of $1.40 to $1.50 per share, with revenue in the range of $212 million to $222 million.

Health Insurance Innovations shares have dropped 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.10, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIIQ at https://www.zacks.com/ap/HIIQ