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July 31, 2005
MOLINA LOWERS ’05 OUTLOOK; SHARES DIVE
Molina Healthcare (Long Beach, CA) said that higher-than-expected medical costs—largely because of first-quarter in-but-not-reported claims totaling $13.4 million—would result in a second-quarter 2005 net loss of $0.15 to $0.20 ($4.2 million to $5.6 million based on 28.2 million diluted shares).
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