Stock News - Magellan Health (MGLN) Stocks Hits 52-week High On Rosy Outlook

Get to know the latest in the stock markets by subscribing to the free stock alerts by visiting :  http://www.pennystockpickreport.com/

Shares of Magellan Health Services, Inc. (NASDAQ:MGLN) rose 7.01% to $39.40 in the opening session after today the company updated its outlook for FY09 and said it now expects earnings within a range of  $2.77-$2.95 a share versus its earlier guidance of $2.41-$2.70 a share. Analysts polled by Thomson Reuters expect the company to report earnings of $2.61 per share.

The company also provided guidance for FY2010 and expects full-year revenues in the range of $3-$3.2 billion and EPS of $2.73-$3.29. Analysts polled by Thomson Reuters expect the company to report earnings of $2.91 per share, on revenues of $2.96 billion.

Magellan Health Services, Inc. (Magellan) is engaged in the specialty managed healthcare business. Magellan provides services to health plans, insurance companies, corporations, labor unions and various governmental agencies.

About http://www.PennyStockPickReport.com
 

Penny Stock Pick Report provides daily free stock alerts to its members. We can teach you how to be a leader in stock market investment and make big gains. Our stock alerts help you gain insight on the various stocks of the day like 52 week High Stocks, top gainers, and top losers so that you can invest on stocks that have potential to grow big. You can also contact us if you want to advertise your website on our website.