Universal American (UAM) Tops Q1 EPS by 3c
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Universal American Corp. Reports 2016 First Quarter Results
May 10, 2016 6:00 AM EDTWHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE: UAM) today announced financial results for the quarter ended March 31, 2016.
Results of First Quarter 2016
Universal Americans reported net income for the first quarter of 2016 was $0.2 million, or less than $0.01 per share. Adjusted net income for the first quarter of 2016 was $5.7 million, or $0.07 per share, which excludes the following after-tax items:
$0.4 million, or $0.01 per share, of tax benefits; $0.3 million, or less than $0.01 per share of net realized investment gains;... More