Magellan Health Reports Second Quarter 2018 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Magellan Health (MGLN) Misses Q2 EPS by 31c, Miss on Revenues; Lowers FY18 EPS/Revenue Outlook
July 27, 2018 6:35 AM EDTMagellan Health (NASDAQ: MGLN) reported Q2 EPS of $0.92, $0.31 worse than the analyst estimate of $1.23. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.88 billion.
Highlights Include:
Net revenue increased 27.6 percent over the second quarter of 2017 to $1.8 billion.Net income increased 146.4 percent over the second quarter of 2017 to $13.6 million.Segment profit increased 25.2 percent over the second quarter of 2017 to $68.0 million.Adjusted net income increased 65.2 percent from the second quarter of 2017 to $23.3 million.Unrestricted cash and investments were $244.4 million as of June 30, 2018. Approximately $115.8... More