Health Net (HNT) Rips Higher as CEO Sees 'Meaningful Earnings Growth' in FY13

August 3, 2012 11:24 AM EDT
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Health Net (NYSE: HNT) shares were popping higher following comments from CEO Jay Gellert on the company's conference call.

Gellert sees "meaningful earnings growth next year" for Health Net. He thinks Midecare MCRs will be stable next year and 5010 issues won't affect reserve development.

Shares were down 14.8 percent ahead of the pause, but well off session lows following Q2 results.

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