Magellan Health (MGLN) Tops Q3 EPS by 72c
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Magellan Health Reports Third Quarter 2016 Financial Results
November 9, 2016 6:30 AM ESTRaises 2016 Guidance
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Magellan Health, Inc. (NASDAQ: MGLN) today reported financial results for the third quarter of 2016, as summarized below. For the quarter ended September 30, 2016, the company reported net revenue of $1.3 billion and net income of $25.5 million, or $1.06 per diluted common share. In addition, the company reported segment profit of $82.8 million, adjusted net income of $33.3 million and adjusted earnings per share (EPS) of $1.39. As of September 30, 2016, the company had unrestricted cash and investments of $233.8 million.
ÂThird Quarter Financial Results*
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