Earnings / Managed Care
Molina's third-quarter profit falls 52% from a year earlier as it reaffirms $5.25 adjusted EPS guidance
Adjusted earnings were $0.89 a diluted share against $1.84 a year earlier, the medical care ratio rose 0.7 points sequentially to 92.9%, and management kept $5.25 adjusted EPS guidance while lifting the GAAP floor to $2.38.