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Molina Q3 Tops Estimates; Reaffirms EPS Outlook -- Shares Rise After-Hours
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Molina Q3 Tops Estimates; Reaffirms EPS Outlook -- Shares Rise After-Hours
Oct 24, 2024 12:06 PM

05:01 PM EDT, 10/23/2024 (MT Newswires) -- Molina Healthcare ( MOH ) reported Q3 adjusted earnings late Wednesday of $6.01 per diluted share, up from $5.05 a year earlier.

Analysts polled by Capital IQ expected $5.94.

Total revenue for the quarter ended Sept. 30 was $10.34 billion, up from $8.55 billion a year earlier.

Analysts surveyed by Capital IQ expected $9.92 billion.

The company still expects 2024 adjusted EPS to be at least $23.50. Analysts polled by Capital IQ expect $23.52.

The company's shares were rising past 10% in recent after-hours activity.

Price: 305.06, Change: +30.06, Percent Change: +10.93

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