Health Net’s Q1 2009 Profit Exceeds Analysts’ Estimates
Health Net reported a Q1 2009 net income of $22 million, compared with a $35.6 million loss in Q1 2008. Excluding one-time charges, the company reported earnings of 41 cents per share, higher than analysts' estimate of 35 cents. The health plan's profit came despite a decline in member enrollment.
- "Health Net Shares Surge" (Girion, Los Angeles Times, 5/6).
- "Health Net Posts Higher Than Expected Q1 Profit" (Sridharan, San Francisco Business Times, 5/5).