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Root Stock Rips Higher Following Q1 Earnings: The Details

Root Inc (NASDAQ:ROOT) shares are rising in Tuesday’s after-hours session after the company reported better-than-expected financial results for the first quarter. Q1 Revenue: $254.9 million versus estimates of $204.28 million Q1 EPS: Loss of 42 cents versus estimates for loss of $2.48 Root said it “nearly quadrupled” total new writings and grew policies-in-force 101% on a year-over-year basis. The company generated positive operating income of $5 million, positive EBITDA of $15 million and delivered its third consecutive ...