the republic logo

WellPoint beats 3Q earnings expectations, misses revenue forecasts

bug
Share/Save/Bookmark

INDIANAPOLIS — 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.

PHOTO: FILE - In This Tuesday, July 17, 2012 file photo shows the corporate headquarters of Wellpoint in Indianapolis. Wellpoint reports quarterly financial results Wednesday, Oct. 29, 2014. (AP Photo/Michael Conroy, File)
FILE - In This Tuesday, July 17, 2012 file photo shows the corporate headquarters of Wellpoint in Indianapolis. Wellpoint reports quarterly financial results Wednesday, Oct. 29, 2014. (AP Photo/Michael Conroy, File)

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

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

_____

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

_____

Keywords:WellPoint,Earnings Report,Priority Earnings

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.