UPDATE: WellPoint Posts Rise In Q3 Profit, Lowers Full-Year Revenue Forecast

WellPoint

reported a 1.2% rise in its third-quarter earnings and cut its revenue forecast for the full year. WellPoint cut its full year operating revenue forecast to $60.7 billion from $61 billion. WellPoint's quarterly profit climbed to $691.2 million, or $2.15 per share, from $683.2 million, or $1.90 per share, in the year-ago period. Excluding items, its adjusted earnings came in at $2.09 per share. Its revenue fell 0.1% to $15.13 billion. However, analysts were expecting earnings of $1.84 per share on revenue of $15.31 billion. WellPoint's operating margin rose to 6.6% from 6.4%. WellPoint shares closed at $61.20 yesterday.