Molina Healthcare Q3 Earnings Beat Estimates on Growing Premiums

Molina Healthcare, Inc. (MOH) reported third-quarter 2024 adjusted earnings per share (EPS) of $6.01, which beat the Zacks Consensus Estimate of $5.96. Also, the bottom line grew 19% from the year-ago period.Total revenues amounted to $10.3 billion, which improved 20.9% year over year. Also, the top line outpaced the consensus mark by 3.8%.The strong third-quarter results were aided by membership growth in each of the business lines of Molina Healthcare. This, in turn, drove premiums, the most significant c ...