Magellan Health (MGLN) Misses Q1 EPS by 1c; Updates EPS Outlook
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Magellan Health Reports First Quarter 2016 Financial Results
May 5, 2016 6:30 AM EDTSCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Magellan Health, Inc. (NASDAQ: MGLN) today reported financial results for the first quarter of 2016, as summarized below. For the quarter ended March 31, 2016, the company reported net revenue of $1.12 billion, segment profit of $59.9 million, and net income of $13.2 million, or $0.54 per diluted common share. In addition, the company reported adjusted net income of $19.4 million and adjusted earnings per share of $0.79. As of March 31, 2016, the company had unrestricted cash and investments of $146.9 million.
First Quarter Financial Results*
      Three Months Ended March 31 (Millions, except per share results)   2016   2015   ... More