Triple-S Management (GTS) Misses Q4 EPS by 5c

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Triple-S Management Corporation Reports Fourth Quarter 2016 Results

March 2, 2017 7:00 AM EST

SAN JUAN, Puerto Rico, March 2, 2017 /PRNewswire/ -- Triple-S Management Corporation (NYSE: GTS), a leading managed care company in Puerto Rico, today announced quarterly consolidated revenues of $730.7 million and net income of $12.0 million, or $0.50 per diluted share, versus net income of $14.2 million, or $0.57 per diluted share, a year ago. The adjusted net income for the quarter was $3.4 million, or $0.14 per diluted share, versus adjusted net income of $11.2 million, or $0.45 per diluted share, a year ago.

Quarterly Consolidated Highlights

Consolidated operating revenues were $719.2 million, a 6.4% decrease from last year,... More