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Magellan Health Services Inc. said in a federal filing Monday that one of its customers will end a contract at the end of 2013.
The customer was not named. The customer’s contract brought in $144.5 million in revenue to Magellan during the nine-month period ending Sept. 30.
Magellan Health Services Inc. saw its stock leap early Friday as third-quarter earnings beat analysts’ expectations.
Net income for the three-month period ending Sept. 30 was $66.3 million, or $2.36 per diluted share, compared with $31.4 million, or $1.03 per diluted share, during the same period in 2011.
Analysts polled by Thomson Reuters were expecting, [...]
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