Molina Healthcare Announces Second Quarter Results and Restructuring Plan
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Molina Healthcare (MOH) Post Wide Loss, Withdraws Guidance, Announces Restructuring
August 2, 2017 5:17 PM EDTMolina Healthcare (NYSE: MOH) reported Q2 EPS of ($4.10), versus the analyst estimate of $0.86. Revenue for the quarter came in at $5 billion versus the consensus estimate of $4.87 billion.
Net loss of $230 million for the quarter, or $4.10 per diluted share.Restructuring plan now underway is expected to reduce annualized run-rate expenses by $300 million to $400 million upon completion in 2018.$200 million total reduction to annualized... More