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Alignment Healthcare Swings to Q1 Profit, Revenue Rises; Shares Fall After Hours

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-- Alignment Healthcare (ALHC) reported Q1 earnings late Thursday of $0.05 per diluted share, compared with the loss of $0.05 a year earlier.

Analysts polled by FactSet expected earnings of $0.01.

Revenue in the three months ended March 31 rose to $1.24 billion from $926.9 million a year ago.

Analysts surveyed by FactSet expected $1.22 billion.

The company expects revenue of $1.3 billion to $1.32 billion in Q2 and $5.16 billion to $5.21 billion in the full year.

Analysts project $1.31 billion in Q2 and $5.17 billion in 2026.

Alignment Healthcare shares fell 10% in after-hours trading.

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