Molina Healthcare (NYSE:MOH) Q2 results:
Revenue: $4,618M (+10.1%); premiums: $4,372M (+8.0%).
Net income: $276M (+40.8%); EPS: $4.65 (+52.0%); non-GAAP EPS: $4.79 (+61.8%).
Cash flow ops (6 mo.): $749M (+380.1%).
Medical care ratio: 82.3% (-3.9%). Improvement due to reduced services demand during the pandemic.
2020 guidance: Revenue: $18.8B from 18.3B; premiums revenue: $21.5B; EPS: $11.20 – 11.70 (unch).
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