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Universal American reports 4Q loss

WHITE PLAINS, N.Y. (AP) _ Universal American Corp. (UAM) on Tuesday reported a loss of $18.5 million in its fourth quarter.

The White Plains, New York-based company said it had a loss of 33 cents per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 14 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The specialty health and insurance company posted revenue of $340.9 million in the period.

For the year, the company reported net income of $55.4 million, or 78 cents per share, swinging to a profit in the period. Revenue was reported as $1.38 billion.

Universal American shares have stayed the same since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.95, a rise of 49 percent 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 UAM at https://www.zacks.com/ap/UAM


Keywords: Universal American, Earnings Report