Oscar Health (OCA) Skyrockets as First-Time Profits Surpass Predictions: A Noteworthy Surge in IBD 50 Stocks

• Oscar Health (OSCR) stock surged after the health insurer reported its first-ever quarter of profitability, significantly exceeding forecasts.
• The company’s Q1 earnings were 62 cents per share, far surpassing expectations for a gain of 27 cents. Sales also exceeded projections at $2.14 billion.
• “We remain on a path to sustainable growth and look forward to sharing details of our long-term strategic plan at our investor day in June,” said Chief Executive Mark Bertolini.

Oscar Health’s stock soars as the company reports its first-ever quarter of profitability, outperforming expectations and setting a positive outlook for the future.

Oscar Health’s Remarkable Q1 Performance

Oscar Health’s Q1 earnings were 62 cents per share, a significant improvement from the loss of 18 cents a share in the year-earlier period. The company’s sales also topped projections at $2.14 billion, which included $2.09 billion in monthly pr... Read the full article for FREE at COINOTAG!