Molina Healthcare Reports Third Quarter 2019 Financial Results
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Molina Healthcare (MOH) Tops Q3 EPS by 3c, Revenues Beat; Raises FY19 EPS/Revenue Guidance
October 29, 2019 4:41 PM EDTMolina Healthcare (NYSE: MOH) reported Q3 EPS of $2.75, $0.03 better than the analyst estimate of $2.72. Revenue for the quarter came in at $4.24 billion versus the consensus estimate of $4.14 billion.
Highlights include:
Premium revenue was $4.1 billion in the third quarter of 2019, a 5.8% decrease compared to the third quarter of 2018.Medical care ratio (MCR) was 86.3% in the third quarter of 2019 compared to 87.4% for the... More