Feb 5 (Reuters) – Molina Healthcare forecast annual profit below Wall Street estimates on Thursday, as it expects increased costs in its Obamacare plans to weigh through the year.
The company forecast 2026 adjusted profit to be at least $5 per share, below analysts’ estimate of $13.76 per share, according to data compiled by LSEG.
Shares of Long Beach, California-based company fell nearly 32% in extended trading.
(Reporting by Siddhi Mahatole in Bengaluru; Editing by Pooja Desai)
