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Sep 30, 2023
Molina Q3 2023 Earnings Report
Molina Healthcare reported Q3 2023 financial results, with GAAP earnings per diluted share of $4.21 and adjusted earnings per diluted share of $5.05.
Key Takeaways
Molina Healthcare reported a strong third quarter, with an 8% increase in premium revenue and a 7% increase in GAAP net income per diluted share. The company affirmed its full-year 2023 adjusted earnings guidance of at least $20.75 per diluted share.
Served approximately 5.2 million members, an increase of 1% year over year.
Premium revenue increased by 8% year over year to approximately $8.2 billion.
GAAP net income increased by 7% year over year to $4.21 per diluted share.
Adjusted net income increased by 16% year over year to $5.05 per diluted share.
Forward Guidance
The Company affirms its full-year 2023 adjusted earnings per share guidance of at least $20.75, reflecting third quarter results that were largely consistent with the Company’s expectations, in addition to considerations of seasonality and conservatism.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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