WASHINGTON (dpa-AFX) - Molina Healthcare Inc (MOH) reported earnings for third quarter that Decreased from last year and missed the Street estimates.
The company's bottom line came in at $79 million, or $1.51 per share. This compares with $326 million, or $5.65 per share, last year.
Excluding items, Molina Healthcare Inc reported adjusted earnings of $97 million or $1.84 per share for the period.
Analysts on average had expected the company to earn $3.89 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 11.0% to $11.477 billion from $10.340 billion last year.
Molina Healthcare Inc earnings at a glance (GAAP) :
-Earnings: $79 Mln. vs. $326 Mln. last year. -EPS: $1.51 vs. $5.65 last year. -Revenue: $11.477 Bln vs. $10.340 Bln last year.
-Guidance: Full year EPS guidance: ~ $14.00 Full year revenue guidance: $44.5 Bln
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