Wellpoint (WLP +6.5%) moves higher this morning after its Q1 bottom line easily beat estimates,...


Wellpoint (WLP +6.5%) moves higher this morning after its Q1 bottom line easily beat estimates, aided by a lower tax rate and a decline in medical costs in its Local Group. Revenue jumped 15% Y/Y, boosted by the late-year acquisition of  Amerigroup. Looking forward, the company raises FY13 guidance but maintains a cautious outlook due to the significant changes looming in Medicaid. It reduces the low end of FY13 revenue guidance by $500M, now expecting between $71B and $73B, but ups its EPS estimate by $0.15 to $7.75. Analysts are looking for $7.78.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs