WellPoint WLP 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.
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