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Health Net Inc. (HNT) Is Down Sharply After Q1 Report

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5/3/2012 9:44 AM ET

Health Net Inc. (HNT: Quote) reported a first quarter net loss of $0.32 per share Thursday morning, compared to the loss of $1.16 per share last year. The consensus estimate was for a profit of $0.60 per share.

Health Net gappped open sharply lower Thursday and has continued to fall on above average volume. The stock is now down 8.40 at $27.92 and has dropped to a 5-month low.

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by RTT Staff Writer

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