Molina: Q3 Earnings Snapshot

Associated Press Finance
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LONG BEACH, Calif. (AP) — LONG BEACH, Calif. (AP) — Molina Healthcare Inc. (MOH) on Wednesday reported third-quarter profit of $245 million.

On a per-share basis, the Long Beach, California-based company said it had profit of $4.21. Earnings, adjusted for one-time gains and costs, came to $5.05 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.87 per share.

The provider of Medicaid-related services posted revenue of $8.55 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $8.3 billion.

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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

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