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Molina: 4Q Earnings Snapshot

LONG BEACH, Calif. (AP) _ Molina Healthcare Inc. (MOH) on Monday reported fourth-quarter profit of $168 million.

The Long Beach, California-based company said it had profit of $2.67 per share. Earnings, adjusted for one-time gains and costs, were $2.73 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.62 per share.

The provider of Medicaid-related services posted revenue of $4.27 billion in the period, which met Street forecasts.

For the year, the company reported profit of $737 million, or $11.47 per share. Revenue was reported as $16.83 billion.

Molina expects full-year earnings to be $11.20 to $11.70 per share, with revenue expected to be $18.3 billion.

Molina shares have decreased almost 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $129.35, a fall of 5.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOH at https://www.zacks.com/ap/MOH