Magellan Health (MGLN) Tops Q4 EPS by 12c

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Magellan Health Reports Fourth Quarter 2016 and Full Year Financial Results

February 24, 2017 6:30 AM EST

Reiterates Net Revenue and Net Income Guidance for 2017

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Magellan Health, Inc. (NASDAQ: MGLN) today announced financial results for the fourth quarter and full year ended December 31, 2016, as summarized below:

                                  Three Months Ended Year Ended December 31 December 31 (In millions, except per share results)

2016

     

2015

Chg

2016

2015

Chg

  Net revenue $ 1,263.4 $ 1,268.7 -0.4% $ 4,836.9 $ 4,597.4 5.2% Net income $ 35.2 $ 27.3 28.9% $ 77.9 $ 31.4 147.9% Segment profit * $ 102.2 $ 102.2... More