Molina Healthcare Reports Second Quarter 2020 Financial Results
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UPDATE: Molina Healthcare (MOH) Tops Q2 EPS by 6c, Revenues Miss; Offers, FY20 Revenue Guidance Above Consensus, FY20 EPS Guidance Below Consensus
July 30, 2020 4:55 PM EDT(Updated - July 30, 2020 4:56 PM EDT)
Molina Healthcare (NYSE: MOH) reported Q2 EPS of $4.79, $0.06 better than the analyst estimate of $4.73. Revenue for the quarter came in at $4.37 billion versus the consensus estimate of $4.72 billion.
Quarter Highlights:
Premium revenue was $4.4 billion for the second quarter of 2020, an 8.0% increase compared to the second quarter of 2019.Medical care ratio (MCR) was 82.3% for the second quarter of 2020, compared to 85.6% for the second quarter... More