Advertisement
YOU ARE HERE: LAT HomeCollections

In Brief / EARNINGS

Molina raises profit forecast

September 12, 2007|From Times Wire Services

Molina Healthcare Inc. raised its 2007 profit forecast to a range of $1.85 to $1.95 a share.

The Long Beach-based provider of managed care, which last week agreed to acquire Mercy CarePlus for about $74 million, had expected earnings of $1.75 to $1.90 a share. Profit was $1.62 a share last year.

Net income will be $52.9 million to $55.8 million for the year, on $2.4 billion in premium revenue, the company forecast.

Advertisement
Los Angeles Times Articles
|
|
|