Molina Healthcare Q2 Profit Down - Quick Facts

(RTTNews) - Molina Healthcare, Inc. (MOH) Wednesday reported second-quarter profit of $7.81 million or $0.16 per share, down from $24.57 million or $0.53 per share in the same period last year.

Earnings from continuing operations totaled $0.16 per share. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.41 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $2.31 billion from $1.61 billion last year. Analysts expected revenues of $2.35 billion.

Looking ahead to the fiscal 2014, the company currently projects earnings in the order of $1.65 to $2.15 per share, with adjusted earnings ranging between $4.00 and $4.50 per share. Analysts currently expect full-year earnings of $2.03 per share.