DETROIT--(BUSINESS WIRE)--Molina Healthcare of Michigan donating $100,000 to expand Energy Efficiency Program for low-income seniors.

Molina Healthcare, Inc. NYSE: MOH is a leading provider of managed healthcare services, primarily focusing on government-sponsored programs such as Medicaid and Medicare. Molina Healthcare's earnings report for the second quarter was released, and it sent shockwaves through the market, propelling the stock price up by over 15%.

Molina Healthcare (MOH) continues to expect premium revenues at around $38 billion for the full year.

Molina Healthcare, Inc. (NYSE:MOH ) Q2 2024 Earnings Call Transcript July 25, 2024 8:00 AM ET Company Participants Joseph Zubretsky - President, Chief Executive Officer Mark Keim - Chief Financial Officer Jeffrey Geyer - Head of Investor Relations Conference Call Participants A.J. Rice - UBS Andrew Mok - Barclays Ryan Langston - TD Cowen Josh Raskin - Nephron Research Kevin Fischbeck - Bank of America Justin Lake - Wolfe Research Stephen Baxter - Wells Fargo Sarah James - Cantor Fitzgerald Michael Hall - Baird Scott Fidel - Stephens George Hill - Deutsche Bank Operator Good day!

Although the revenue and EPS for Molina (MOH) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Molina Healthcare beat Wall Street estimates for second-quarter earnings on Wednesday, driven by higher premiums from its government-backed Medicaid insurance plans for low-income individuals.

Molina (MOH) came out with quarterly earnings of $5.86 per share, beating the Zacks Consensus Estimate of $5.73 per share. This compares to earnings of $5.65 per share a year ago.

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) announced today that the Florida Agency for Healthcare Administration (AHCA) has awarded a new Medicaid managed care contract to Molina's health plan subsidiary, Molina Healthcare of Florida, Inc. Under the contract award in Miami-Dade and Monroe Counties, Molina expects to serve approximately 90,000 Medicaid beneficiaries. The contract term is expected to commence on January 1, 2025, and to run through December.

Molina's (MOH) second-quarter performance is likely to have been affected by high medical care costs, partly offset by rising membership in all three businesses.

Molina (MOH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

RUIDOSO, N.M.--(BUSINESS WIRE)--Molina Healthcare of New Mexico supporting residents impacted by New Mexico wildfires.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Molina Healthcare donates west Louisville property to Jefferson County Public Schools for new middle school.