Why Shares of SelectQuote Are Falling Today
Shares of the insurance platform SelectQuote (NYSE: SLQT) traded nearly 20% lower as of 11 a.m. today after the company reported earnings results for its most recent quarter.
The company, which provides a platform that assists consumers in purchasing senior health, life, auto, and home insurance policies from a curated panel of insurance carriers, reported net income of nearly $36.5 million on total revenues of nearly $267 million for the three months ended March 31.
Net income is up nearly 54% from the three months ended March 31, 2020, while total revenues are up roughly 80% year over year.
Source Fool.com
