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Molina: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

LONG BEACH, Calif. (AP) — LONG BEACH, Calif. (AP) — Molina Healthcare Inc. (MOH) on Wednesday reported second-quarter earnings of $301 million.

The Long Beach, California-based company said it had net income of $5.17 per share. Earnings, adjusted for one-time gains and costs, were $5.86 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $5.73 per share.

The provider of Medicaid-related services posted revenue of $9.88 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $9.79 billion.

Molina expects full-year earnings to be $23.50 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOH at https://www.zacks.com/ap/MOH