Molina: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 04:31 PM ET
Last Updated - May 27, 2024, 01:08 AM EDT
LONG BEACH, Calif. (AP) — LONG BEACH, Calif. (AP) — Molina Healthcare Inc. (MOH) on Wednesday reported first-quarter net income of $301 million.
The Long Beach, California-based company said it had profit of $5.17 per share. Earnings, adjusted for one-time gains and costs, came to $5.73 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.46 per share.
The provider of Medicaid-related services posted revenue of $9.93 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $9.52 billion.
