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Amerigroup Corporation
AMERIGROUP Reports Q4 Net Income of $37.3 Million or $0.70 Per Diluted Share
March 14th, 2009
AMERIGROUP Corporation (NYSE:AGP) announced that its net income for the fourth quarter of 2008 increased 20.0% to $37.3 million, or $0.70 per diluted share, versus net income of $31.1 million, or $0.57 per diluted share, for the fourth quarter of 2007. For the year ended December 31, 2008, the Company's net loss was $50.7 million, or $0.96 per diluted share, including the impact of a one-time litigation charge of $234.2 million, or $199.6 million net of the related tax benefit. Excluding the impact of this charge, full-year 2008 net income would have been $149.0 million, or $2.77 per diluted share. For the full-year 2007, the Company reported net income of $116.5...
Source: Law & Health Weekly (2009-03-14)
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