- Molina Healthcare ( NYSE: MOH ) says its full-year adjusted earnings per share guidance is estimated to be at least $19.75, above the consensus of $19.71.
- The managed care provider also sees $32B in premium revenue.
- In its Q4 2022 financial results, Molina ( MOH ) beat on the top and bottom lines .
- In the quarter, adjusted net income rose 41% compared to the prior-year period to $240M ($4.10 diluted EPS vs. $2.88).
- Premium revenue of $30.9B in 2022 was a 15% year-over-year increase.
- Molina ( MOH ) ended the year with cash and cash equivalents of ~$4B compared with ~$4.4B at the end of 2021.
- Read why Seeking Alpha contributor Peter F. Way considers Molina ( MOH ) a buy.
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Molina Healthcare 2023 EPS guidance comes in above consensus