Molina Healthcare Inc (NYSE:MOH)

In commenting on the results, J. Mario Molina, M.D., president and chief executive officer of Molina Healthcare, said, “Our results for the second quarter were mixed. I am pleased by our strong organic membership growth and lower administrative costs, as well as by our success in retaining our contracts in Michigan and Missouri, the addition of a new contract in Texas for 2010, and the Texas plan’s accreditation by the National Committee for Quality Assurance (NCQA). However, the addition of a significant number of new members, the emergence of the H1N1 flu, and increases in physician and outpatient utilization led to higher overall medical costs in the quarter. Much of our efforts in the second half of the year will be focused on addressing these challenges.”

Molina Health Care has reduced it 2009 financial outlook.

^aThe above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^b EBITDA is a non-GAAP figure. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

The Company confirms its guidance issued on January 22, 2009, for fiscal year 2009 earnings per diluted share of between $2.20 and $2.40 for the full year of 2009.

Source: Business Wire (April 29, 2009)

Guidance Update:

2008 full year guidance: 

 The new guidance range is within the Company’s previous expectation for 2008 results, provided on October 22, 2008, of earnings per diluted share of $2.20 to $2.40.

Source: Business Wire (January 21, 2009)

 2009 full year guidance: 

 Source: Business Wire (January 22, 2009)