Hippo Holdings Inc

NYSE:HIPO   11:32:23 AM EDT
0.85
+0.02 (+3.01%)
Layoffs, Earnings Announcements

Hippo Holdings Announces Restructuring Plans

Published: 08/31/2022 11:32 GMT
Hippo Holdings Inc (HIPO) - Hippo Holdings - Instituted Organizational Realignment, Including Involuntary Workforce Reduction Affecting About 70 Employees.
Hippo Holdings - Expects Majority of Affected Employees to Be Notified on August 31, 2022, With Most Job Eliminations Effective on September 1, 2022.
Hippo Holdings - in Q3 of 2022, Expects to Record Charges of About $1.8 Million to $2.0 Million for Severance, Benefits, Related Costs.
Hippo Holdings - Continuing to Review Potential Impact of Reduction & is Unable to Estimate Any Additional Restructuring Costs Or Charges at This Time.
Revenue is expected to be $31.69 Million
Adjusted EPS is expected to be -$0.12

Next Quarter Revenue Guidance is expected to be $34.28 Million
Next Quarter EPS Guidance is expected to be -$0.11

More details on our Analysts Page.