Molina: Fourth Quarter Financial Overview

Molina Healthcare Reports Fourth Quarter Loss

Molina Healthcare Inc., based in Long Beach, California, announced a net loss of $160 million for the fourth quarter.

The company reported a loss of $3.15 per share for the quarter. After adjusting for non-recurring items, the loss stood at $2.75 per share.

These figures fell short of analysts’ expectations. According to a survey by Zacks Investment Research involving six analysts, the consensus estimate had been earnings of $0.43 per share.

Despite the loss, Molina Healthcare generated $11.38 billion in revenue during the quarter, surpassing the $10.8 billion forecasted by five analysts polled by Zacks.

For the full year, Molina Healthcare posted a profit of $472 million, or $8.92 per share, with total revenue reaching $45.43 billion.

Looking ahead, the company anticipates earnings of $5 per share and expects revenue to total $44.5 billion for the coming year.