Los Angeles Business Journal

Health Net Stock Falls on Lower Outlook

Friday, August 3, 2012

Shares of Health Net Inc. fell 24 percent this morning after the managed health provider reported a strong second quarter but lowered its earnings forecast. RTTNews.com reports that the Woodland Hills company reduced its full-year guidance to a range of $1.45 to $1.55 a share, down from a previous outlook of $2.85 to $3. Analysts had been expecting $2.28 a share on average.