WellPoint Down 5.9% on Lower Than Expected Q4 Earnings

WellPoint WLP is trading lower on the session following its Q4 earnings announcement this morning. The company reported EPS of $0.99 vs $1.11 estimate and revenues of $15.32 billion vs $15.41billion estimate. Angela F. Braly, CEO of Welpoint said: “Our fourth quarter results were at the high end of our guidance range and concluded a successful 2011. During the year, we added 928,000 new medical members and achieved financial results that were in-line or better than we expected in most of our businesses. We also created a more efficient organization and executed on a number of strategic initiatives as we prepare to capitalize on the important future growth opportunities we see in the marketplace.” WellPoint is currently trading at $65.32, a loss of $4.08 or 5.88%.