Universal American (UAM) Misses Q2 EPS by 4c
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Universal American Corp. Reports 2015 Second Quarter Results
August 7, 2015 6:00 AM EDTWHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE: UAM) today announced financial results for the quarter ended June 30, 2015.
Results of Second Quarter 2015
Universal Americans reported net loss for the second quarter of 2015 was $7.4 million, or $0.09 per share. Adjusted net income for the second quarter of 2015 was $1.6 million, or $0.02 per share, which excludes the following after-tax items:
$4.9 million, or $0.06 per share, of income associated with our Accountable Care Organization (ACO) business; $2.2 million, or $0.03 per share, of net realized investment gains;... More