Business & Finance

Coventry Health Care reports record third quarter earnings of $0.92 per diluted share

Published in Health Insurance Law Weekly, December 3rd, 2006

Coventry Health Care, Inc. (CVH) reported operating results for the quarter ended September 30, 2006. Operating revenues totaled $1.91 billion for the quarter with net earnings of $147.5 million, or $0.92 per diluted share.

"We are right on track with another quarter of record earnings," said Dale B. Wolf, chief executive officer of Coventry. "The strength and breadth of our businesses provide a solid foundation as we work on growth initiatives for 2007 and beyond."

Third Quarter Highlights

- Revenues up 14.0% over the prior year quarter

- Consolidated operating margin of 11.7%

- Medicare...

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Source: Health Insurance Law Weekly (2006-12-03)

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