WellPoint beats 3Q earnings expectations, misses revenue forecasts

INDIANAPOLIS – INDIANAPOLIS (AP) _ WellPoint Inc. (WLP) on Wednesday reported third-quarter net income of $630.9 million.

On a per-share basis, the Indianapolis-based company said it had net income of $2.22. Earnings, adjusted for one-time gains and costs, came to $2.36 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.

The health insurer posted revenue of $18.37 billion in the period, which missed Street forecasts. Analysts expected $18.69 billion, according to Zacks.

WellPoint expects full-year earnings in the range of $8.75 to $8.85 per share.

WellPoint shares have risen 30 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 7 per cent. The stock has climbed 42 per cent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. WLP stock research report from Zacks.


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