Molina Posts Q3 EPS of $0.73 as Medical Cost Pressure Persists
MOH sits 78% above its 52-week low of $121.06.
Summary
Molina reported third-quarter EPS of $0.73, alongside adjusted EPS of 89c and net income of $38 million. That follows a rough Q2 in which net income fell 76% to $60 million as medical costs spiked and membership dropped 14%, so the profit level is the number that matters here. The headline gives no revenue, guidance, or comparison to consensus, so the market's read will hinge on how $0.73 stacks up against expectations and whether the company reaffirms or revises the full-year adjusted EPS guidance it raised last quarter.
At the time of this announcement, MOH was trading at $214.90 on NYSE in the Finance sector, with a market capitalization of approximately $11.2B. The 52-week trading range was $121.06 to $244.89. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.