WASHINGTON (dpa-AFX) - Molina Healthcare Inc (MOH) released a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $326 million, or $5.65 per share. This compares with $245 million, or $4.21 per share, in last year's third quarter.
Excluding items, Molina Healthcare Inc reported adjusted earnings of $347 million or $6.01 per share for the period.
Analysts on average had expected the company to earn $5.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 21.0% to $10.340 billion from $8.548 billion last year.
Molina Healthcare Inc earnings at a glance (GAAP) :
-Earnings (Q3): $326 Mln. vs. $245 Mln. last year. -EPS (Q3): $5.65 vs. $4.21 last year. -Revenue (Q3): $10.340 Bln vs. $8.548 Bln last year.
-Guidance: Full year EPS guidance: Atleast $23.50
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