FHP International Corp.: The Fountain Valley managed-care...

FHP International Corp.: The Fountain Valley managed-care company reported that net income in the second fiscal quarter fell 35%, to $13.9 million, or 24 cents a share, from $21.3 million, or 37 cents a share, a year earlier. The most recent second-quarter results included a pretax charge of $3.9 million for the company’s restructuring program. Revenue for the quarter ended Dec. 31 climbed 6%, to $1 billion from $954.4 million.

First-half profit dropped 34%, to $27.8 million, or 48 cents a share, from $42 million, or 72 cents a share, for the prior-year period. Revenue gained 5%, to $2 billion from $1.9 billion.