
Molina Healthcare reported strong financial results for the third quarter of 2024, with premium revenue reaching approximately $9.7 billion, an 18% increase year-over-year. The company's GAAP net income was $5.65 per diluted share, reflecting a 34% rise compared to the previous year. Adjusted net income was reported at $6.01 per diluted share, surpassing Wall Street expectations of $5.81. Additionally, Molina's total revenues were approximately $10.34 billion, exceeding estimates of $9.91 billion. The company reaffirmed its full-year profit and revenue guidance, a contrast to larger peers who recently reported weaker results. Meanwhile, Community Health Systems also announced its third-quarter financial results, although specific figures were not detailed in the tweets. HCA Healthcare reported revenues of $17.49 billion for the same quarter, slightly below expectations, with net income of $1.27 billion or $4.88 per diluted share, which includes an estimated unfavorable impact of $0.15 per share from Hurricane Helene. HCA's adjusted EBITDA was $3.21 billion, also falling short of forecasts.
$HCA (-8.5% pre) HCA Holdings (HCA) Misses Q3 EPS by 8c, Offers Guidance - SI https://t.co/WpRc4S5MY6
$HCA Earnings: - Revenues totaled $17.487 billion - Net income attributable to HCA Healthcare, Inc. totaled $1.270 billion, or $4.88 per diluted share (which includes an estimated $0.15 per diluted share unfavorable impact from Hurricane Helene) - Adjusted EBITDA totaled $3.267… https://t.co/yLatcUcGdc
💰 HCA $HCA EPS. vs Forecast 4.88 / 4.96 🔴 Rev. vs Forecast 17.49B / 17.54B 🔴 Market Cap: 102.95B






