Oscar Health, Inc. (OSCR) plummeted 8.96% in Tuesday's trading session after the company reported disappointing fourth quarter earnings results that missed analyst expectations.
The health insurance provider posted a quarterly loss of $0.62 per share, wider than the $0.58 per share loss anticipated by Wall Street analysts. Revenue for the quarter came in at $2.39 billion, below the $2.47 billion estimate.
The shortfalls in both earnings and revenue triggered a sell-off in Oscar Health shares during Tuesday's intraday trading. The stock opened the session notably lower in the pre-market and continued its slide throughout the day, closing at its intraday low amid heightened volume.
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