Molina Reports 4Q Loss

LONG BEACH, Calif. (AP) _ Molina Healthcare Inc. (MOH) on Monday reported a loss of $262 million in its fourth quarter.

The Long Beach, California-based company said it had a loss of $4.59 per share. Earnings, adjusted for asset impairment costs and restructuring costs, were 34 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The provider of Medicaid-related services posted revenue of $4.95 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $4.96 billion.

For the year, the company reported a loss of $512 million, or $9.07 per share, swinging to a loss in the period. Revenue was reported as $19.88 billion.

Molina expects full-year earnings in the range of $3.23 to $3.73 per share, with revenue expected to be $18.8 billion.

Molina shares have increased slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $78.42, an increase of 31 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOH at https://www.zacks.com/ap/MOH