Magellan Health: 2Q Earnings Snapshot
SCOTTSDALE, Ariz. (AP) _ Magellan Health Inc. (MGLN) on Tuesday reported second-quarter net income of $13.6 million.
The Scottsdale, Arizona-based company said it had profit of 56 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.
The healthcare management business posted revenue of $1.79 billion in the period.
Magellan Health shares have climbed 19% since the beginning of the year. The stock has fallen almost 6% in the last 12 months.