Business & Finance

Amerigroup earns $24,604,000 net income or $0.46 per diluted share

Published in Pharma Law Weekly, November 28th, 2006

Amerigroup Corp. (AGP) announced that net income for the third quarter of 2006 was $24,604,000, or $0.46 per diluted share, compared with a net loss of $2,260,000, or $0.04 per diluted share, for the third quarter of 2005.

Third quarter 2006 was favorably impacted by net prior period amounts of approximately $3,244,000 pre-tax, or $0.04 per diluted share net of income taxes. Excluding the impact of these prior period amounts, third quarter net income would have been $22,592,000 or $0.42 per diluted share.

For the 9 months ended September 30, 2006, net income increased 89.4% to $77,162,000, or $1.46 per diluted share compared with $40,731,000, or...

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Source: Pharma Law Weekly (2006-11-28)

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