Reported 1 day ago
Molina Healthcare (MOH) experienced a significant drop of 16.84% in its stock price, closing at $158.22, following a decrease in its earnings outlook. The company revised its adjusted EPS estimate down by 22% to $19, compared to previous guidance of $24.5. Although total revenues increased during the quarter, net income fell 15% year-over-year, illustrating a challenging financial landscape for the firm.
Source: YAHOO