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Magellan Health Reports Strong Earnings (MGLN)
Friday, February 26, 2010 - 12:45pm | 134Magellan Health Services (NASDAQ: MGLN) reported earnings today, beating Wall Street estimates. Fourth quarter net income was $43.73 million or $1.25 per share compared to $23.58 million $0.61 per share in the year ago period. Analysts had been anticipating the company would report EPS of $1.04....
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Benzinga’s Earnings Roundup (POM, IPG, MGLN, MIR)
Friday, February 26, 2010 - 9:18am | 293Pepco Holdings, Inc. (NYSE: POM) reported today a fourth quarter earnings of $41 million, or $0.18 per share, as compared to $67 million, or $0.32 per share for the same quarter last year. Total operating revenue was $2.14 billion, as compared to $2.48 billion in the year ago period. Analysts...
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Magellan Posts Stellar Results For Q4 (NASDAQ: MGLN)
Friday, February 26, 2010 - 8:26am | 94Magellan Health Services, Inc. (NASDAQ: MGLN) Q4 EPS of $1.25 beat analyst estimates by 19c. They also posted Q4 revenue of $718.9M versus the consensus of $699.65M. MGLN management says their guidance for 2010 earnings per share should be in the range of $2.73 to $3.29 (on a diluted basis.)...
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WellPoint (WLP) CEO Defends Huge Rate Hikes
Wednesday, February 24, 2010 - 1:25pm | 120The President and CEO of insurer WellPoint Inc. (NYSE: WLP) defended her company's planned rate hikes before a congressional committee today. Angela Braly told members of a House Energy and Commerce subcommittee that rising health care costs and people dropping out of the health care system were...
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WellCare Health Plans, Inc. (WCG) Maintains A Buy Rating; Price Target Lowered
Tuesday, February 23, 2010 - 9:02pm | 105Analysts Daryn Miller and Matthew Borsch at Goldman Sachs, Inc. (NYSE: GS) have maintained a Buy rating for WellCare Health Plans, Inc. (NYSE: WCG), in a report released yesterday. Analysts have lowered the 2010 and 2011 EPS estimates for the company following the results for the fourth-quarter....
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AMERIGROUP Corporation’s (AGP) Fourth-Quarter Review
Tuesday, February 23, 2010 - 8:58pm | 117Analysts at Goldman Sachs, Inc. (NYSE: GS) have reviewed the fourth-quarter results at AMERIGROUP Corporation (NYSE: AGP), in a report released yesterday. According to analysts, the company reported solid results for the fourth-quarter; however, there is still uncertainty about the company’s...
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Stock Market News for February 23, 2010 - Market News
Tuesday, February 23, 2010 - 10:07am | 440U.S. stocks ended an erratic session lower as investors made cautious moves after a four-day long rally. Schlumberger’s announcement that it will acquire rival Smith International failed to lift the markets as big consumer companies came out with tepid outlook. The Dow Jones industrial average...
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Top Performing Industries For February 22 (PWR, BBW, SIRI, HUM, CAJ)
Monday, February 22, 2010 - 3:37pm | 328At 1:20 pm, Dow had lost 17.46 points, or 0.17%, to 10,384.89, while the broader Standard & Poor's 500 index had stepped down 1.62 points, or 0.15%, to 1,107.55. The Nasdaq composite index also moved down 4.61 points, or 0.21%, to 2239.26. The industries that played a key role in the market...
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U.S. Equity Movers & Shakers: (HS, HUM, UNH, ENDP, AIG)
Monday, February 22, 2010 - 2:55pm | 512Bloomberg reported that the following companies’ stocks showed unusual movement in early morning trading today. Prices are as of 11 a.m., New York time. Humana, Inc. (NYSE: HUM) gained 3.6% to $46.97. Healthspring, Inc. (NYSE: HS) rose 3.7% to $18.66. UnitedHealth Group Inc. (NYSE: UNH) climbed...
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Reports Show WellPoint (WLP) Increasing Some Rates 69%
Friday, February 19, 2010 - 9:56pm | 173WellPoint Inc. (NYSE: WLP) has recently come under fire after the company announced that many of its Anthem Blue Cross of California customers would receive rate hikes of as much as 39%. WellPoint said that it would hold off the rate increses until May 1 but reports are coming in that some of the...
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Amerigroup Corp. Posts Impressive Results (AGP)
Friday, February 19, 2010 - 7:38pm | 99Amerigroup (NYSE: AGP) earned $40.2 million in net income during Q4. The company had earned $39.5 million for the same time period last year. Virginia based clearinghouse increased its revenue by 18.5 percent to $1.36 billion. Amerigroup (AGP) had missed street estimates in the second and third...
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Market Roundup (ABT, BAC, UBS, UPS, UNH, HS, HUM)
Friday, February 19, 2010 - 2:12pm | 377According to the chief economist of Bank of America (NYSE: BAC), the Fed's move to raise the discount rate signals that "the financial crisis is largely over." However, some economists feel that the FOMC may soften its "extended period" language at the next meeting, despite assurances to the...
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Benzinga’s News Roundup (HUN, AGP, PNW, HON)
Friday, February 19, 2010 - 9:58am | 326Huntsman Corporation (NYSE: HUN) reported today a fourth-quarter profit of $66 million, or $0.26 per share, as compared to $598 million, or $2.63 per share, for the same quarter last year. Revenue increased 2% to $2 billion for the quarter. Analysts had expected HUN to report a loss of $0.14 per...
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BMO Capital Markets Reiterates Centene (CNC) Market Perform Rating
Friday, February 19, 2010 - 9:21am | 174BMO Capital Markets analysts Dave Shove and Jennifer Lynch reiterated their Market Perform rating for shares of Centene Corp (NYSE: CNC) with a price target of $21. Centene Corp recently announced the purchase of Carolina Crescent Health Plan, which prompted the BMO Capital Markets analysts to...
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Amerigroup Corp Membership Rises 13.2%
Friday, February 19, 2010 - 8:01am | 95Managed health care company Amerigroup Corp (NYSE: AGP) reported that its 4th quarter net income increased to $40.2 million, or 79 cents per share, up from $35.9 million, or 67 cents per share, for the same quarter a year earlier. Revenue climbed from $1.15 billion last year to $1.36 billion. A...