Molina Healthcare Stock Soars 18% as Premium Revenue Surges [Yahoo! Finance]
Molina Healthcare Inc (MOH)
Last molina healthcare inc earnings: 4/30 04:16 pm
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Source: Yahoo! Finance
Molina reported a year-over-year increase in premium revenue, despite issues related to Medicaid redeterminations. The company said new contract wins, footprint expansion and acquisitions contributed to revenue growth. Molina Healthcare ( MOH ) shares skyrocketed 18%, scoring one of the top performances among S&P 500 stocks on Thursday, after the health insurer reported better-than-expected results. Increased premium revenue from government-backed Medicaid plans helped drive the strong results. Health insurers with exposure to Medicaid have been under pressure in recent months as industry executives and analysts express concerns about a potential drawdown in the number of people receiving benefits from the program. The possible drop in enrollment stems from shifts in the so-called "redeterminations" process, which establishes the eligibility of Medicaid recipients. However, Molina's strong third-quarter performance suggests the insurer has been successful in navigating redete
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News
- Healthcare and Municipal Leaders Unite to Launch Blue Zones Initiative to Help Palm Springs Residents Live Better, Longer Lives [Yahoo! Finance]Yahoo! Finance
- Molina Healthcare, Inc. (MOH): An Oversold Healthcare Stock to Invest In Now [Yahoo! Finance]Yahoo! Finance
- Molina Healthcare (NYSE:MOH) May Have Issues Allocating Its Capital [Yahoo! Finance]Yahoo! Finance
- Why Is Molina (MOH) Down 8.5% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Molina Healthcare and California Medical Association's Physician Services Organization launch initiative to enhance Medi-Cal in the Inland Empire [Yahoo! Finance]Yahoo! Finance
MOH
Earnings
- 10/23/24 - Beat
MOH
Sec Filings
- 11/19/24 - Form 4
- 11/18/24 - Form 8-K
- 11/14/24 - Form SC
- MOH's page on the SEC website