Magellan Health (MGLN) Misses Q2 EPS by 4c
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Magellan Health Reports Second Quarter 2016 Financial Results
July 29, 2016 6:30 AM EDTSCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Magellan Health, Inc. (NASDAQ: MGLN) today reported financial results for the second quarter of 2016, as summarized below. For the quarter ended June 30, 2016, the company reported net revenue of $1.16 billion, segment profit of $56.9 million, and net income of $4.0 million, or $0.16 per diluted common share. In addition, the company reported adjusted net income of $14.4 million and adjusted earnings per share of $0.58. As of June 30, 2016, the company had unrestricted cash and investments of $236.3 million.
ÂSecond Quarter Financial Results*
  Three Months Ended June 30   Six Months Ended June 30   Inc/     Inc/... More