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Oxford misses estimates
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February 5, 2001: 5:32 p.m. ET
Oxford Health reports 4Q earnings of 43 cents per share, 6 cents off estimates
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NEW YORK (CNNfn) - Health insurer Oxford Health Plans, Inc. reported late Monday that it missed Wall Street expectations by 6 cents in the fourth quarter.
Oxford, an HMO that operates in the Northeast, earned $44.9 million, or 43 cents per share, down from $3.05 per share, in the 1999 fourth quarter. Earnings for the quarter include a 53 cents per share reduction related to recapitalization.
 Analysts polled by First Call had expected the Trumbull, Conn.-based company to earn 49 cents per share in the latest period.
Revenue was just under $1.04 billion, slightly up from the same quarter a year ago.
Revenue from premiums were $1.02 billion, up from $1.01 billion in the year ago period.
The company also said its membership grew to 1.351 million customers.
"Disciplined premium pricing combined with successful initiatives with the medical community resulted in excellent underwriting results in the quarter and full year 2000," said Naroman C. Payson, Oxford chairman and CEO, in a statement. "As importantly, we believe Oxford's growth in the fourth quarter and January 2001 is illustrative of a new growth era for the company."
Oxford (OXHP: Research, Estimates) shares closed up $1.50 to $35.81 in regular trading on the Nasdaq exchange. The stock has traded between $12.75 and $42.75 over the past 52 weeks. 
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