LONG BEACH, Calif. (AP) — LONG BEACH, Calif. (AP) — Molina Healthcare Inc. (MOH) on Wednesday reported third-quarter net income of $326 million.
On a per-share basis, the Long Beach, California-based company said it had profit of $5.65. Earnings, adjusted for one-time gains and costs, were $6.01 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $5.96 per share.
The provider of Medicaid-related services posted revenue of $10.34 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $9.96 billion.
Molina expects full-year earnings to be $23.50 per share.
_____
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