Michigan Second Mortgage
Molina Healthcare Reports Second Quarter Results
Molina Healthcare, Inc. (NYSE: MOH) today announced its financial results for the second quarter and six months ended June 30, 2006.
Net income for the quarter ended June 30, 2006, was $13.2 million, or $0.47 per diluted share, compared with a net loss of $(4.7) million, or $(0.17) per diluted share, for the quarter ended June 30, 2005. Net income for the first half of 2006 was $21.7 million, or $0.77 per diluted share, compared with net income of $10.1 million, or $0.36 per diluted share, for the first half of 2005.
Comparability between the second quarter of 2006 and the second quarter of 2005 is affected by:
-- Approximately $5.0 million in positive prior period claims
development recorded in the second quarter of 2006 related to
the Company's claims liability at December 31, 2005.
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First Federal of Northern Michigan Bancorp, Inc. Announces Second ...
ALPENA, Mich., Aug. 1 /PRNewswire-FirstCall/ -- First Federal of Northern Michigan Bancorp, Inc. FFNM (the "Company") reported consolidated net earnings of $98,510, or $0.03 per share, for the quarter ended June 30, 2006, compared to a net loss of $300,306, or $0.09 per share, for the quarter ended June 30, 2005. Earnings-per-share was calculated based on weighted average outstanding shares of 3,136,545 and 3,100,021 for the periods ended June 30, 2006 and 2005, respectively.
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