Las Vegas Sun

December 1, 2009

Currently: 42° | Complete forecast | Log in

Brief: Special charges cut into health firm’s profit

Monday, Feb. 8, 1999 | 10:30 a.m.

The results for the quarter ending Dec. 31 include special charges of $10.25 million for costs associated with the integration of a Texas health maintenance organization that Sierra bought last year; and to settle a competitor's challenge to Sierra winning a Defense Department health contract.

Without the special charges, Sierra would have earned $12.5 million or 46 cents per share.

Revenues for the fourth quarter were $301.2 million, a 58 percent increase over the $191.0 million reported in the same period one year ago.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 1 Tue
  • 2 Wed
  • 3 Thu
  • 4 Fri
  • 5 Sat

All events on Tuesday »