Magellan Health Reports First Quarter 2020 Financial Results
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Magellan Health (MGLN) Tops Q1 EPS by 43c
May 11, 2020 6:34 AM EDTMagellan Health (NASDAQ: MGLN) reported Q1 EPS of $1.15, $0.43 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.8 billion.
Highlights:
Net revenue increased 3.2 percent over the first quarter of 2019 to $1.8 billion.Net income increased 4134.3 percent over the first quarter of 2019 to $18.3 million.Segment profit increased 64.3 percent over the first quarter of 2019 to $74.8 million.Adjusted net income... More