Molina Healthcare Reports Second Quarter 2010 Results

Molina Healthcare, Inc. MOH today reported its financial results for the second quarter and six months ended June 30, 2010. Net income for the quarter was $10.6 million, or $0.41 per diluted share, compared with net income of $14.6 million, or $0.56 per diluted share, for the quarter ended June 30, 2009. -- Quarterly premium revenues of $977 million, up 6% over 2009 -- Quarterly operating income of $21 million, up 9% over 2009 -- Earnings per diluted share for second quarter 2010 of $0.41 -- Quarterly cash provided by operating activities of $52 million -- Includes May and June results for Molina Medicaid Solutions -- 130,000 new members enrolled since the second quarter 2009