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October 15, 2005
AMERIGROUP SHARES PLUNGE ON LOSS
Amerigroup Corp. (Virginia Beach, VA) saw its share price fall 44% last week after the company announced that it would report a third-quarter net loss of $0.06 to $0.08 per share ($3.18 million to $4.24 million based on 53 million diluted shares), compared to Wall Street expectations of net income of $1.73 to $1.78 per share.
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