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%.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Intraday UpdateMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!