AMERIGROUP Corporation (NYSE:AGP) plunges on poor outlook - Top Stocks Alert

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Shares of AMERIGROUP Corporation (NYSE:AGP) are trading sharply lower in opening trade after the Virginia Beach, Va., health-care group, estimated third-quarter earnings at 42 cents to 44 cents a share and said that it does not expect to meet its 2009 estimate of $2.55 to $2.75 a share. The estimates reflect "elevated medical costs associated with the onset of a severe flu season due to the H1N1 virus," Amerigroup said.

Currently AGP is trading lower 3.50% at $21.69 in opening trade

AMERIGROUP Corporation is a multi-state managed healthcare company focused on serving people, who receive healthcare benefits through publicly sponsored programs, including Medicaid, Children’s Health Insurance Program (CHIP), Medicaid expansion programs and Medicare Advantage.