WellPoint WLP reported a 38% rise in its fourth-quarter earnings.
WellPoint expects full-year earnings of at least $7.60 per share on revenue of $71.5 billion to $73 billion. However, analysts were expecting earnings of $7.98 per share on revenue of $72.46 billion.
WellPoint's quarterly profit surged $464.2 million, or $1.51 per share, from $335.3 million, or $0.96 per share, in the year-ago period. Excluding one-time items, it earned $1.03 per share.
Its total operating revenue rose 0.6% to $15.27 billion. However, analysts were expecting earnings of $0.95 per share on revenue of $15.28 billion.
Its operating margin declined to 2.8% from 3.4%.
WellPoint shares closed at $63.80 yesterday.
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