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
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