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Amerigroup Corporation
AMERIGROUP Updates 2008 Guidance to Reflect Yesterday's Federal Reserve Action
April 4th, 2008
AMERIGROUP Corporation (NYSE:AGP) announced that it has updated its guidance for the full year 2008 to $2.46 to $2.61 per diluted share from the previously announced range of $2.58 to $2.73 to reflect yesterday's Federal Reserve action reducing the Federal Funds Rate by 75 basis points, which will have a corresponding impact on market interest rates. "Since we announced our initial 2008 guidance last October, the Federal Reserve has lowered the Federal Funds Rate substantially," said James W. Truess, AMERIGROUP's Executive Vice President and Chief Financial Officer. "We have been able to absorb previous rate cuts by the Federal Reserve in our guidance, we believe...
Source: Health Business Week (2008-04-04)
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