Benefitfocus Cancels Third Quarter 2022 Earnings Conference Call

Rhea-AI Summary

Benefitfocus, Inc. (NASDAQ: BNFT) has canceled its earnings conference call, originally set for November 7, 2022, for the quarter ended September 30, 2022. This decision comes in light of a pending transaction with Voya Financial, Inc. The company focuses on simplifying benefits administration for employers, health plans, and brokers through innovative cloud-based technology. No financial results or performance metrics were disclosed in this announcement.

Positive

• Pending transaction with Voya Financial may enhance future growth opportunities.

Negative

• Cancellation of earnings call could indicate uncertainty or negative outlook on recent performance.

CHARLESTON, S.C., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, today announced the cancellation of its earnings conference call for the quarter ended September 30, 2022, that had originally been scheduled for November 7, 2022, at 5:00 p.m. ET. The call is being cancelled due to the announcement of the pending transaction with Voya Financial, Inc.

About Benefitfocus
Benefitfocus (NASDAQ: BNFT) is a cloud-based benefits administration technology company committed to helping our customers, and the people they serve, get the most out of their health care and benefit programs. Through exceptional service and innovative SaaS solutions, we aim to be the safest set of hands for our customers helping to simplify the complexity of benefits administration while delivering an experience that engages people and unlocks the potential for better health and improved outcomes.  Our mission is simple: to improve lives with benefits. Learn more at www.benefitfocus.com, LinkedIn, Facebook, Instagram and Twitter.

Source: Benefitfocus, Inc.

Benefitfocus, Inc.
843-981-8898
pr@benefitfocus.com

Investor Relations:
Doug Kuckelman
843-790-7460
doug.kuckelman@benefitfocus.com

 

FAQ

Why did Benefitfocus cancel its earnings conference call on November 7, 2022?

Benefitfocus canceled its earnings conference call due to a pending transaction with Voya Financial, Inc.

What is the significance of the pending transaction with Voya Financial for Benefitfocus?

The pending transaction could present growth opportunities for Benefitfocus by potentially broadening its market presence.

What financial metrics were released by Benefitfocus in the recent announcement?

No financial metrics or performance data were disclosed in the announcement regarding the canceled earnings call.