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0 0.0118279194724538 0.0107812009350685 0.0188060430550225 0.0215275112522243 0.0219461986671785 0.00631520184222463 0.0417291790237604
Stock impact report

Elevance Health stock slides after outlook cut amid rising medical expenses [Seeking Alpha]

Molina Healthcare Inc (MOH) 
Last molina healthcare inc earnings: 4/30 04:16 pm Check Earnings Report
Company Research Source: Seeking Alpha
The managed care player expects full year adjusted profit per share of around $33 (vs. prior guidance of at least $37.20), below consensus of $37.26. On Tuesday, industry bellwether UnitedHealth ( UNH beat Wall Street estimates with its Q3 results, but cost concerns in its insurance unit unnerved Wall Street. Elevance ( ELV ) reported adjusted profit of $8.37 per share for the third quarter, missing analysts' expectations by $1.28, while its operating revenue of $44.7B grew +5.2% Y/Y and topped estimates. The increase in revenue was “driven by higher premium yields in Health Benefits segment and growth in CarelonRx product revenue, partially offset by membership attrition in our Medicaid business.” The company reported benefit expense ratio of 89.5% (estimate 87.6%), an improvement of 270 basis points, driven primarily by the timing mismatch between Medicaid rates and the higher acuity of its members. Total expenses surged 6.2% Y/Y to $43.73M. CEO update : “ We remain confi Show less Read more
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