Molina falls on pressure in Obamacare business

Molina Healthcare

23/07/2026 10:15

** Shares of health insurer Molina Healthcare MOH.N fall 9.3% to $201.19 premarket
** Co says its Obamacare Marketplace business came under pressure during Q2 because a larger share of enrollees required costly medical care than it had anticipated
** MOH expects a $1.50 per share loss this year from the start of a new Florida Medicaid contract in Q4 and a $1 per share loss tied to the planned Medicare Advantage exit in 2027
** Brokerage Guggenheim says "the absence of more material Medicaid upside is likely to weigh on MOH's current premium valuation" 
** Co reports Q2 adjusted profit of $1.51 per share, compared to analysts' estimate of $1.39 - LSEG data
** Co's Q2 revenue of $11.43 billion, beats analysts' estimate of $10.79 billion
** Up to last close, stock up 27.8% YTD

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))