Market Overview

UPDATE: WellCare Posts Lower Q4 Profit

Share:

WellCare Health Plans (NYSE: WCG) reported a 12% drop in its fourth-quarter earnings.

For the new year, WellCare expects earnings of $3.75 to $4.05 per share on premium revenue of $11.6 billion to $11.75 billion. However, analysts expected earnings of $5.06 per share.

WellCare's quarterly profit fell to $42.9 million, or $0.97 per share, from a year-ago profit of $48.8 million, or $1.11 per share. Excluding special items, it earned $1.09 per share.

Its total revenue surged 23% to $2.44 billion. However, analysts were expecting earnings of $1.15 per share on revenue of $2.42 billion.

WellCare shares closed at $62.22 yesterday.

Posted-In: profitEarnings News Guidance

 

Related Articles (WCG)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

US Stock Futures Flat Ahead Of Federal Budget

NanoString Announces Study Confirms Ability of Prosigna Assay to Assess Risk of Late Distant Recurrence in Postmenopausal Women With Estrogen Receptor-Positive Breast Cancer