Molina Healthcare Shares Down After 4Q Adjusted EPS Miss, Outlook Disappoints

Dow Jones
06 Feb

By Connor Hart

Shares of Molina Healthcare fell after the company's adjusted earnings missed estimates and its outlook failed to impress investors.

The stock declined 9.5% to $287 in after-hours trading Wednesday. Shares ended the regular session roughly flat at $317.01, and are down 12% in the past year.

Adjusted per-share earnings came in at $5.05, missing the $5.88 that analysts polled by FactSet were expecting.

The Long Beach, Calif., healthcare-services provider after the bell reported a profit of $251 million, or $4.44 a share, compared with $216 million, or $3.70 a share, a year earlier.

Total revenue grew to $10.5 billion from $9.05 billion, coming in ahead of the $10.28 billion analysts expected.

Premium revenue rose 19% to $9.98 billion, boosted by new contract wins, acquisitions and growth in the company's footprint.

For 2025, Molina guided for adjusted earnings of at least $24.50 a share, as well as revenue of approximately $44 billion. Analysts surveyed by FactSet had modeled adjusted earnings of $25.82, as well as revenue of $43.33 billion.

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

February 05, 2025 17:58 ET (22:58 GMT)

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