Molina Healthcare (MOH) Post Wide Loss, Withdraws Guidance, Announces Restructuring

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/4/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. SWKS
7. ANET
8. SPY
9. XYZ
10. CVS

Go back to Molina Healthcare (MOH) Post Wide Loss, Withdraws Guidance, Announces Restructuring

Molina Healthcare Announces Second Quarter Results and Restructuring Plan

August 2, 2017 4:16 PM EDT

LONG BEACH, Calif.--(BUSINESS WIRE)-- Molina Healthcare, Inc. (NYSE: MOH):

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 run-rate expenses resulting from staff reductions expected to be achieved by the end of 2017 in time for full realization in 2018. Annualized salary eliminations of $55 million achieved so far in the third quarter of 2017.... More