WellPoint's 3Q profit falls 5 pct, forecast climbs

October 23, 2013
This July 17, 2012, file photo, shows the corporate headquarters of WellPoint in Indianapolis. WellPoint Inc.'s third-quarter earnings fell 5 percent, but the nation's second-largest health insurer's results topped Wall Street expectations. Shares of the Indianapolis company jumped in premarket trading Wednesday Oct. 23, 2013 about three hours before the market opening. (AP Photo/Michael Conroy, File)

WellPoint says its third-quarter earnings fell 5 percent, but the nation's second-largest health insurer raised its forecast for 2013, citing in part gains it expects from the health care overhaul.

The Indianapolis company says it earned $656.2 million, or $2.16 per , in the quarter. That compares to $691.2 million, or $2.15 per share, last year, when the company had more shares outstanding. Earnings excluding one-time items totaled $2.10 per share.

Operating revenue soared 17 percent to $17.73 billion. That excludes investment gains or losses.

Analysts forecast earnings of $1.81 per share on $17.66 billion in revenue.

The Blue Cross Blue Shield insurer now expects full-year adjusted of at least $8.40 per share, up from a previous forecast for at least $8.

WellPoint shares are rising in premarket trading.

Explore further: Aetna 1Q profit slips 4 pct, boosts 2013 forecast

Related Stories

EBay CEO cites 'uncertainty' for weak 4Q outlook

October 17, 2013

EBay said the growth rate of e-commerce in the United States is slowing as it delivered a weaker than expected profit and revenue outlook for the current quarter through December. The company's third-quarter earnings edged ...

Texas Instruments 3Q profit drops, outlook weak

October 21, 2013

Chipmaker Texas Instruments Inc. said Monday that its net income fell 20 percent in the third quarter. Its outlook for the current period was worse than analysts expected, and shares slipped.

Recommended for you

How to curb emissions? Put a price on carbon

September 3, 2015

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

Customizing 3-D printing

September 3, 2015

The technology behind 3-D printing is growing more and more common, but the ability to create designs for it is not. Any but the simplest designs require expertise with computer-aided design (CAD) applications, and even for ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.