Magellan Health Services Inc. (NASDAQ: MGLN) today reported financial results for the first quarter 2012, as summarized below. For the quarter ended March 31, 2012, the company reported net revenue of $773.2 million, segment profit of $55.4 million, and net income of $20.8 million or $0.75 per diluted common share. Segment profit represents income from operations before stock compensation expense, depreciation and amortization, interest expense, interest income, gain on sale of assets, special charges or benefits, and income taxes.
|Three Months Ended March 31|
|(Millions, except per share results)||2012||2011||(Decrease)|
|Earnings per Share||0.75||1.02||(26.5)%|
As of March 31, 2012, the company had unrestricted cash and investments of $202.7 million.