Magellan Health (MGLN) Tops Q1 EPS Views; Updates FY15 Outlook

Magellan Health Reports First Quarter 2015 Financial Results Updates Guidance

April 30, 2015 6:30 AM EDT

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Magellan Health, Inc. (NASDAQ: MGLN) today reported financial results for the first quarter of 2015, as summarized below. For the quarter ended March 31, 2015, the company reported net revenue of $981.0 million, segment profit of $64.9 million, and net income of $7.3 million, or $0.28 per diluted common share. In addition, the company reported adjusted net income of $24.4 million and adjusted earnings per share of $0.94.

 

First Quarter Financial Results1

 

Three Months EndedMarch 31, 2015

  (Millions, except per share results)         2015       2014    

Increase/(Decrease)

              Net Revenue $ 981.0 $ 966.5 1.5 %

Segment Profit2

64.9... More

Magellan Health to Launch New Foundation

April 29, 2015 12:00 PM EDT

Magellan Cares Foundation, Inc. focused on improving access to quality healthcare and related social supports

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Magellan Health, Inc. (NASDAQ: MGLN) today announced that it is has established the Magellan Cares Foundation, Inc., a non-profit, 501(c)(3) organization. The foundations mission is to improve the health and well-being of the lives and communities Magellan Health serves.

The... More