WellsCare Group (WCG +11.5%) gains after the firm beats earnings estimates and significantly...

|By:, SA News Editor

WellsCare Group (WCG +11.5%) gains after the firm beats earnings estimates and significantly raises its full-year EPS guidance as it records a "favorable development" of prior years medical benefits payable and sees an improved outlook for Q4. The company reiterates 2011 Medicaid segment MBR will fall below the 2010 MBR.