Magellan Health Inc. on Thursday fell far short of analysts' net profit expectations for the first quarter, as the Scottsdale-based managed care and pharmacy benefits company gears up for its pivotal annual meeting next month in Brooklyn, New York.
At that June 21 meeting, several nominees put forth by an activist investor hedge fund are looking to join the board.
The company reported net income for the three months ended March 31 of $431,000, or 2 cents per share, compared with net income of…
