Health Insurance Innovations posts 4Q profit

TAMPA, Fla. (AP) _ Health Insurance Innovations Inc. (HIIQ) on Wednesday reported fourth-quarter net income of $3.8 million, after reporting a loss in the same period a year earlier.

The Tampa, Florida-based company said it had profit of 30 cents per share. Earnings, adjusted for one-time gains and costs, came to 37 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The Web-based health coverage provider posted revenue of $69.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $59.2 million.

For the year, the company reported profit of $17.9 million, or $1.50 per share. Revenue was reported as $250.5 million.

Health Insurance Innovations expects full-year earnings in the range of $2.45 to $2.55 per share, with revenue in the range of $290 million to $300 million.

Health Insurance Innovations shares have climbed 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.20, a climb of 74 percent 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