WellPoint beats 3Q earnings expectations, misses revenue forecasts

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INDIANAPOLIS — WellPoint Inc. (WLP) on Wednesday reported third-quarter net income of $630.9 million.

On a per-share basis, the Indianapolis-based company said it had net income of $2.22. Earnings, adjusted for one-time gains and costs, came to $2.36 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.

The health insurer posted revenue of $18.37 billion in the period, which missed Street forecasts. Analysts expected $18.69 billion, according to Zacks.

WellPoint expects full-year earnings in the range of $8.75 to $8.85 per share.

WellPoint shares have risen 30 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 7 percent. The stock has climbed 42 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. WLP stock research report from Zacks.

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Keywords:WellPoint,Earnings Report,Priority Earnings

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