UPDATE: Magellan Health Q4 Profit Falls 50%
March 03, 2014 at 08:38 AM EST
Magellan Health Services (NASDAQ: MGLN ) reported a 50% drop in its fourth-quarter earnings. Magellan's quarterly earnings fell to $18.5 million, or $0.67 per share, versus a year-ago profit of $37 million, or $1.32 per share. Its revenue rose 21% to $1.01 billion. However, analysts were expecting earnings of $0.83 per
