Molina Healthcare slumps on weak 2026 profit forecast, drags peer
06/02/2026 15:12
Updates ** Shares of U.S. health insurer Molina Healthcare MOH.N fall 25.5% to $131.28 ** MOH late on Thursday forecast adjusted earnings of at least $5 per share for 2026, well below analysts' estimate of $13.76 - LSEG-compiled data ** Co expects annual medical cost ratio, percentage of premiums spent on medical services, to be 92.6% vs estimate of 89.78% ** Shares of health insurer Centene CNC.N also fell 7% in morning trading, which reported fourth-quarter results earlier in the day ** MOH stock fell 40% in 2025 (Reporting by Padmanabhan Ananthan) ((Padmanabhan.Ananthan@thomsonreuters.com))