Health Net Inc. shares plunged 25% as the Woodland Hills insurer posted disappointing first-quarter results and slashed its full-year profit outlook.
Thursday, 3 May 2012
Health Net shares tumble 25% as it posts loss, lowers forecast
The firm surprises investors by disclosing an additional $67 million in first-quarter medical claims that hadn't been reported in the fourth quarter because of errors in processing claims.
Health Net Inc. shares plunged 25% as the Woodland Hills insurer posted disappointing first-quarter results and slashed its full-year profit outlook.
Health Net Inc. shares plunged 25% as the Woodland Hills insurer posted disappointing first-quarter results and slashed its full-year profit outlook.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment