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UPDATE: WellPoint Q3 Profit Declines 5.1%

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WellPoint (NYSE: WLP) reported a 5.1% drop in its third-quarter earnings.

WellPoint now projects full-year adjusted earnings of at least $8.40 per share.

WellPoint's quarterly profit fell to $656.2 million, from $691.2 million, in the year-ago period. On a per-share basis, its earnings climbed to $2.16 per share versus $2.15. Excluding one-time items, its adjusted earnings came in at $2.10 per share.

Its total operating revenue climbed 17% to $17.73 billion. However, analysts were expecting earnings of $1.82 per share on revenue of $17.62 billion.

WellPoint shares closed at $88.43 yesterday.

Posted-In: profitEarnings News Guidance

 

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