Triple-S Management Earnings: Here’s Why Investors are Buying Shares Now
Triple-S Management Corporation (NYSE:GTS) 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 1.38%.
Triple-S Management Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 8.62% to $0.53 in the quarter versus EPS of $0.58 in the year-earlier quarter.
Revenue: Decreased 4.04% to $597.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Triple-S Management Corporation reported adjusted EPS income of $0.53 per share. By that measure, the company beat the mean analyst estimate of $0.48. It beat the average revenue estimate of $594.93 million.
Quoting Management: Ramon Ruiz-Comas, President and CEO of Triple-S Management Corporation commented, “We are pleased that the strategies implemented last year to improve our financial performance are yielding results, as evidenced by our solid GAAP and pro forma earnings. The Managed Care segment’s MLR continues to trend lower, reflecting ongoing improvements in our MA business.”
Key Stats (on next page)…