Triple-S Management (GTS) Misses Q3 EPS by 16c
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Triple-S Management Corporation Reports Third Quarter 2015 Results
November 5, 2015 6:45 AM ESTSAN JUAN, Puerto Rico, Nov. 5, 2015 /PRNewswire/ --Â Triple-S Management Corporation (NYSE: GTS), the leading managed care company in Puerto Rico, today announced consolidated revenues of $765.1 million and net income of $4.2 million, or $0.16 per diluted share for the quarter ended September 30, 2015. Pro forma net income was $9.8 million, or $0.39 per diluted share, a roughly 25% year-over-year increase.
Quarterly Consolidated Highlights
Consolidated operating revenues were $764.4 million, a 35.6% increase from last year, reflecting the change in the Medicaid contract from an administrative services only (ASO) agreement to an at-risk model;... More