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Friday, February 28, 2020

Magellan Health Q4 earnings up 174%

Magellan Health (MGLN) Q4 results:
Revenues: $1,802.7M (-2.3%); Managed care and other: $1,292.3M (+7.0%); PBM: $510.3M (-19.9%).
Net Income: $20.6M (+173.6%); EPS: $0.84 (+172.4%); non-GAAP Net Income: $30.8M; non-GAAP EPS: $1.24.
CF Ops: $115.8M (-29.7%).
2020 guidance: Revenue: $7B – 7.4B; net income: $42M – 62M; EPS: $1.69 – 2.49; non-GAAP net income: $83M – 103M; non-GAAP EPS: $3.34 – 4.14 vs. $4.70 S&P Capital IQ consensus.
https://seekingalpha.com/news/3546945-magellan-health-q4-earnings-up-174

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