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January 31, 2007
MOLINA SHARES FALL ON 2007 EARNINGS PROJECTION
Molina Healthcare (Long Beach, CA) saw its shares fall 7% for the week ended Jan. 19, after the company disappointed Wall Street with a 2007 net income projection of $1.75 to $1.90 per diluted share ($50.5 million to $54.9 million based on 28.9 million diluted shares). The company expects a medical cost ratio of about 86.2% of premium revenues of about $2.6 billion.
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