UPDATE: Health Net (HNT) Tops Q3 EPS by 1c; Cuts FY15 EPS Outlook

Health Net (NYSE: HNT) reported Q3 EPS of $0.96, $0.01 better than the analyst estimate of $0.95. Revenue was $4.15 billion, with the consensus at $4.35 billion.

2015 GUIDANCE

Health Net is lowering GAAP earnings per diluted share guidance from $2.70 to $2.50 for the full year 2015. This adjustment primarily reflects third quarter expenses that were incurred as a result of information technology costs in connection with the suspension of the Cognizant transaction as well as costs related to the pending merger transaction with Centene. Health Net is maintaining diluted EPS guidance for the combined Western Region and Government Contracts segments at a range of $3.25 to $3.35 for the full year 2015.

*** The Street sees FY15 EPS of $3.32.

For earnings history and earnings-related data on Health Net (HNT) click here.

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