Molina Healthcare (MOH) Reports Q3 EPS of $2.97, Revenues In-Line; Lifts FY17 EPS Outlook Above Consensus
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Molina Healthcare Announces Third Quarter 2018 Results and Increases Full Year 2018 Guidance
October 31, 2018 4:15 PM EDTNet income of $2.90 per diluted share on a GAAP basis for the third quarter of 2018, and $7.60 for the nine months ended September 30, 2018 Third quarter 2018 results include a net charge of $0.35 per diluted share, and year-to-date results include a net benefit of $0.59 per diluted share, for non-run rate items The overall medical care ratio improved to 86.4% from 87.0%, sequentially, when excluding non-run rate items Net profit margin of 4.2% in the quarter, and 3.6% year to date 2018 guidance increases by $1.65 per... More
