Magellan Health Reports Second Quarter 2018 Financial Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/1/2026

1. INTC
2. AMZN
3. RDDT
4. COIN
5. PINS
6. FSLR
7. SYK
8. DASH
9. GILD
10. SBUX

Go back to Magellan Health Reports Second Quarter 2018 Financial Results

Magellan Health (MGLN) Misses Q2 EPS by 31c, Miss on Revenues; Lowers FY18 EPS/Revenue Outlook

July 27, 2018 6:35 AM EDT

Magellan 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