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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