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

Magellan Health Reports Second Quarter 2018 Financial Results

July 27, 2018 6:30 AM EDT

Lowers 2018 Guidance

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Magellan Health, Inc. (NASDAQ: MGLN) today announced financial results for the second quarter ended June 30, 2018, as summarized below:

       

Three Months EndedJune 30

Six Months EndedJune 30 (In millions, except per share amounts)        

2018

2017

Chg

2018

2017

Chg

Net revenue $ 1,810.9 $ 1,419.1 27.6 % $ 3,616.0 $ 2,724.8 32.7 % Net income $ 13.6 $ 5.5 146.4 % $ 25.0 $... More