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WellCare Health Plans (WCG -13%) slides after its Q3 results missed on the bottom line this...

  • Wednesday, October 31, 2012, 11:25 AM ET
    WellCare Health Plans (WCG -13%) slides after its Q3 results missed on the bottom line this morning. Net profit fell 57% Y/Y on weak results from its Georgia and Kentucky Medicaid programs. The company also lowered its full-year earnings estimate on the weak Kentucky results, now expecting to earn between $4.90 and $5.05 per share. Separately, it also announced plans to acquire UnitedHealthCare Group's (UNH -0.4%) South Carolina Medicaid business for an undisclosed amount.
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This news story has 2 comments:

  •  
    The UNH divi has really been jumping since 2010.

    Is anybody paying attention to that?
    31 Oct 2012, 12:06 PM Reply Like
  •  
    interesting WellCare is acquiring UNH South Carolina Medicaid business makes me wonder if SC State Medicaid system is a challenge..
    31 Oct 2012, 03:47 PM Reply Like
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