Triple-S Management (GTS) Misses Q1 EPS by 14c, Sales Beat
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Triple-S Management Corporation Reports First Quarter 2016 Results
May 5, 2016 6:30 AM EDTSAN JUAN, Puerto Rico, May 5, 2016 /PRNewswire/ --Â Triple-S Management Corporation (NYSE: GTS), a leading managed care company in Puerto Rico, today announced consolidated revenues of $756.7 million and pro forma net income of $3.4 million, or $0.14 per diluted share, for the quarter ended March 31, 2016, versus $9 million, or 34 cents per share, a year ago.
Quarterly Consolidated Highlights
Consolidated operating revenues were $755.8 million, a 31.7% increase from last year, reflecting the change in the Medicaid contract from an administrative services only agreement to an at-risk model; Consolidated operating income was $6.1 million;... More