LONG BEACH, Calif. (AP) — LONG BEACH, Calif. (AP) — Molina Healthcare Inc. (MOH) on Wednesday reported fourth-quarter earnings of $251 million.
The Long Beach, California-based company said it had profit of $4.44 per share. Earnings, adjusted for one-time gains and costs, came to $5.05 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.81 per share.
The provider of Medicaid-related services posted revenue of $10.5 billion in the period, which met Street forecasts.
For the year, the company reported profit of $1.18 billion, or $20.42 per share. Revenue was reported as $40.65 billion.
Molina expects full-year earnings to be $24.50 per share.
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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
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