Molina Healthcare (MOH) Reports Q3 Loss of $1.70
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Molina Healthcare Announces Third Quarter Results
November 2, 2017 4:15 PM EDTLONG BEACH, Calif.--(BUSINESS WIRE)-- Molina Healthcare, Inc. (NYSE: MOH):
Net loss of $1.70 per diluted share for the quarter. Results for the quarter include $3.16 per diluted share in impairment and restructuring costs. Medical care ratio for the quarter of 88.3%. $200 million of annualized run-rate savings to be effective January 1, 2018, achieved in Q3 under restructuring plan. $300 million to $400 million of total annualized run-rate savings expected by end of 2018. Joseph M. Zubretsky appointed President, Chief... More