Magellan Health Services Q4 Profit Drops, Revenue Up - Quick Facts

(RTTNews) - Magellan Health Services Inc. (MGLN) Monday said fourth-quarter net income declined to $18.49 million or $0.67 per share from $37.0 million or $1.32 per share in the previous year.

On average, 5 analysts polled by Thomson Reuters expected earnings of $0.83 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue climbed 21.4 percent to $1.01 billion from $830.27 million in the prior year. Wall Street expected revenues of $990.53 million.

For 2014, the company expects earnings per share of $2.02 to $2.58 and net revenue of $3.6 billion to $3.8 billion. Analysts expect earnings of $2.57 per share on revenues of $3.63 billion.