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Molina Healthcare's stock surged over 20% after reporting Q3 earnings of $6.01 per diluted share, exceeding expectations by 20 cents, with total revenue reaching $10.34 billion. The company, serving 5.6 million members, noted a 15% year-over-year net income increase to $347 million, despite challenges from medical costs and a premium rate reduction in California. Molina will not offer Medicare Advantage Prescription Drug plans in 13 states next year, allowing a strategic focus on dual-eligible populations.
Mark Kine
People
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Molina Healthcare stock surges after strong third quarter earnings report
18:00 24.10.2024
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