Molina Healthcare Earnings: Here’s Why the Stock is Up Now
Molina Healthcare Inc. (NYSE:MOH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.78%.
Molina Healthcare Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 64.1% to $0.64 in the quarter versus EPS of $0.39 in the year-earlier quarter.
Revenue: Rose 15.83% to $1.59 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Molina Healthcare Inc. reported adjusted EPS income of $0.64 per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $1.59 billion.
Quoting Management: “This was a strong quarter,” said J. Mario Molina, M.D., chief executive officer of Molina Healthcare, Inc. “More importantly, we continue to lay the foundation for even greater success in the future. During the first quarter, we solidified the progress we had made during the second half of 2012, we strengthened our capital position, and we continued to prepare for the opportunities and challenges of the next few years. I thank our employees, our state partners and our providers for their continued commitment to providing health care to those most in need.”
Key Stats (on next page)…