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Molina: Q2 Earnings Snapshot

LONG BEACH, Calif. (AP) — LONG BEACH, Calif. (AP) — Molina Healthcare Inc. (MOH) on Wednesday reported second-quarter profit of $60 million.

The Long Beach, California-based company said it had profit of $1.19 per share. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The provider of Medicaid-related services posted revenue of $10.87 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $10.88 billion.

Molina expects full-year earnings to be $5.25 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOH at https://www.zacks.com/ap/MOH

Trump’s sway is tested as Graham, Norman compete in South Carolina special GOP Senate primary

COLUMBIA, S.C. (AP) — U.S. Sen. Darline Graham and U.S. Rep. Ralph Norman face South Carolina voters yet again Tuesday in a special Republican primary runoff to replace the late Lindsey Graham in the Senate, one month after his sudden death. The two-week runoff window since the two Republicans were the top vote-getters in an Aug. 11 primary has been a slugfest. Darline Graham — a political newcomer serving as interim replacement for her late brother — has struggled to define herself to voters who routinely backed Lindsey Graham in the heavily Republican state. Norman, who's served the better part of two decades in state and federal elected office, has stressed his experience to voters already aware of him from his years in Congress, plus an unsuccessful run for governor earlier this year. In the background of all of this is President Donald Trump, the longtime Lindsey Graham ally who endorsed Darline Graham's candidacy to replace her brother in the November general election before she even entered the race, stumped for her in the state days ahead of the runoff and held a runoff eve tele-rally with Graham. On Monday, MAGA Inc., the super PAC that supports Trump and aligned Republicans — but that has spent little thus far on Trump's picks in this year's midterms — infused nearly $830,000 into Graham's campaign for voter calls and text message blasts.
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