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Health Net reports sharp profit fall but beats expectations
Los Angeles Business Journal

Managed health care services company Health Net Inc. reported a sharp fall in second-quarter profits due to costs related a contract with Cognizant Technology Solutions Corp., which has now been suspended pending Health Net’s acquisition by Centene Corp. Woodland Hills-based Health Net(NYSE: HNT) said it earned $58.4 million, or 75 cents per share, in its second quarter, compared with $120.9 million, or $1.49 per share, a year ago.