UPDATE: WellPoint Posts 14.2% Rise In Q1 Earnings, Lifts Full-Year Forecast

WellPoint

reported a 14.2% rise in its first-quarter earnings and raised its full-year earnings view. WellPoint's quarterly net income surged to $885.2 million, or $2.89 per share, from $856.5 million, or $2.53 per share, in the year-earlier period. Its adjusted EPS came in at $2.94 per share. Its total revenue climbed to $17.687 billion from $15.415 billion. However, analysts were expecting earnings of $2.38 per share on sales of $17.86 billion. WellPoint now projects full-year net income of at least $7.75 a share. WellPoint shares closed at $69.33 yesterday.