Molina Healthcare (MOH) Reports Q3 Loss of $1.70

Molina Healthcare (NYSE: MOH) reported Q3 EPS of ($1.70), versus $0.76 reported last year. Revenue for the quarter came in at $4.78 billion versus the consensus estimate of $4.96 billion.

“During the third quarter, we made significant progress on our restructuring efforts, bringing us one step closer to becoming a more consistent and profitable company. While there’s still more work ahead, our improved performance and our continued success toward achieving $200 million in annualized run-rate savings as of January 1, 2018, demonstrate that we are on the right track,” said Joseph White, chief financial officer and interim president and chief executive officer of Molina Healthcare, Inc. “Additionally, we are extremely fortunate to have our new CEO, Joseph Zubretsky, starting next Monday. His leadership and operational acumen will significantly augment our efforts and will enable us to continue our mission as a stronger, more profitable company."

For earnings history and earnings-related data on Molina Healthcare (MOH) click here.

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