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MOH Posts Healthy Q1 Results
Thursday, May 6, 2010 - 12:36pm | 153Analysts at Oppenheimer & Co reiterate their "perform" rating on Molina Healthcare (NYSE: MOH), while raising their estimates for the company. The target price for MOH is set to $25. MOH had posted strong Q1 EPS, which was twice the EPS forecasted by the analysts. The full year guidance appears...
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HNT Back With New Contract
Thursday, May 6, 2010 - 12:25pm | 139Analysts at Collins Stewart reiterate their "hold" rating on HealthNet Inc (NYSE: HNT). HealthNet has announced that the Department of Defense (DoD) intends to award the company the new TRICARE North Region contract. HNT had previously lost the contract to AET in July 2009, but had appealed against...
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Company News for May 6, 2010 - Corporate Summary
Thursday, May 6, 2010 - 9:45am | 193• Intel (NASDAQ:INTC) announced a new version if its Atom chip. Nokia (NYSE:NOK) and Microsoft (NASDAQ:MSFT) launched their first software collaboration • Goldman Sach's (NYSE:GS) credit rating outlook was cut to "negative" from "stable" by Fitch ratings yesterday on legal actions and regulatory...
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CIGNA (CI) Profit Surges 36%
Thursday, May 6, 2010 - 8:11am | 110CIGNA Corporation (NYSE: CI) released financial results on Thursday morning that beat Wall Street estimates. CIGNA Corporation reported that its 1st quarter earnings jumped to $283 million, or $1.02 per share, up from $208 million, or 76 cents per share, a year earlier. The health insurer also...
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Cigna Corporation (CI) Reports $283 Million In First-Quarter Profit
Thursday, May 6, 2010 - 7:31am | 95Cigna Corporation (NYSE: CI) has reported its first-quarter results. The company has reported first-quarter profit of $283 million, or $1.02 per share. For the same period last year, Cigna had reported a profit of $208 million, or $0.76 per share. Excluding one-time items, the company reported a...
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Stocks To Watch For On May 6 (KFT, ATVI, H, CI, DPS)
Thursday, May 6, 2010 - 6:41am | 176Analysts expect Kraft (NYSE: KFT) to post an EPS of $0.45 for the first quarter. KFT’s shares gained 0.61% to close at $29.75 yesterday. Wall Street expects Activision Blizzard (NASDAQ: ATVI) to report an EPS of $0.04 in the first quarter. ATVI’s shares dipped 0.47% to $10.70 in after hours trading...
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Oppenheimer Maintains Outperform Rating For Magellan Health Services, Inc. (MGLN)
Tuesday, May 4, 2010 - 10:40am | 106Analysts Carl McDonald and James Nakllckl at Oppenheimer have released an update on Magellan Health Services, Inc. (NASDAQ: MGLN). Last week, the company reported its first-quarter results. Magellan Health Services reported first-quarter EPS of $0.73. According to analysts, for the company to show...
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CVS Posts Better Than Expected Q1 Results
Monday, May 3, 2010 - 1:04pm | 112Analysts at Collins Stewart reiterate their “hold” rating on Coventry Health Care Inc (NYSE: CVH). According to Collins Stewart, CVH reported healthy Q1 EPS of $0.66. The upside was driven by lower medical costs, reserve development and better-than-expected growth in commercial-risk enrollment,...
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Coventry Health Care (CVH) Reports First-Quarter Profit Of $97.3 Million
Friday, April 30, 2010 - 2:43pm | 111Coventry Health Care, Inc. (NYSE: CVH) has reported today that its first-quarter profit doubled on the back of lower medical costs and a discounted Medicare offering. The company reported a first-quarter profit of $97.3 million, or $0.66 per share, compared with a profit of $44.2 million, or $0.30...
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Earnings Roundup (AGN, NDAQ, NWL, CVH)
Friday, April 30, 2010 - 2:12pm | 331Botox-maker Allergan Inc (NYSE: AGN) reported its first-quarter earnings at $168 million, or $0.55 a share, up from $44.7 million, or $0.15 a share, for the same period a year ago. Excluding certain items, Allergan would have posted adjusted earnings of $0.65 per share. AGN’s revenues for the...
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AGP Beats 1Q Expectations, Does Not Issue Guidance
Friday, April 30, 2010 - 2:01pm | 136Analysts at Collins Stewart reiterate their “buy” rating on AMERIGROUP Corp (NYSE: AGP). The target price for AGP is set to $39. AGP has reported its Q1 EPS well ahead of the estimates and at almost double the consensus, due to favorable reserve development and soft flu levels. According to the...
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Stock Market News for April 30, 2010 - Market News
Friday, April 30, 2010 - 9:30am | 507Stocks rose for a second straight day, led by financial shares, as investors shrugged off European debt concerns and parsed some strong earnings numbers for signs of an improving economy. A Labor Department report suggesting layoffs are beginning to slow also added to investors’ confidence and...
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Company News for April 30, 2010 - Corporate Summary
Friday, April 30, 2010 - 9:30am | 203• Bank of America (NYSE:BAC) lowered its rating on Goldman Sachs (NYSE:GS) to "neutral" from "buy" and cut the price target to $160 from $230, citing today's news of a criminal probe • Endo Pharmaceuticals (NASDAQ:ENDP) posted a first quarter one-penny miss as earnings of 74 fell just short of...
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UnitedHealth First To Stop Rescission (UIH, WLP, AET, AIZ)
Thursday, April 29, 2010 - 4:41pm | 157Adhering to the law of terminating rescission, passed earlier this year in March, UnitedHealth Care (NYSE:UIH) is the first in the race to continue healthcare benefits for policy holders even after they get sick. The next to join the bandwagon is WellPoint (NYSE: WLP), who has announced terminating...
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Aetna Beats Estimates, Moving Higher (AET)
Thursday, April 29, 2010 - 11:17am | 123Aetna Inc. (NYSE: AET) reported strong earnings this morning prior to the opening bell. The company delivered EPS of $0.77 compared to Wall Street estimates of $0.72. In the year ago period the company earned $0.96 per share. During the current trading session, AET shares have gained 2.95% to $31....