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

Oct 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: Dailymotion should stay in European hands, France says

Related Stories

Insurer WellPoint's 3Q net income edges higher

Nov 07, 2012

(AP)—WellPoint says its third-quarter net income rose 1 percent, as the nation's second largest health insurer trimmed expenses to balance flat revenue and an enrollment decline.

EBay CEO cites 'uncertainty' for weak 4Q outlook

Oct 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

Oct 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

Dailymotion should stay in European hands, France says

3 hours ago

France opposes exclusive talks between Orange and Hong Kong's PCCW group for a 49 percent stake in Dailymotion, preferring a European partner for the French video-sharing platform, the finance ministry indicated ...

FTC's Google investigation probed by Senate antitrust chief

18 hours ago

The chairman of a U.S. Senate antitrust panel will look into the release of a confidential Federal Trade Commission report on an investigation of Google Inc.'s search business, which was closed in 2013 without an enforcement ...

Traffic court goes digital: Startup fosters settlements

19 hours ago

Traffic court is going digital. Michigan startup Court Innovations has developed a software solution that allows drivers to settle traffic violations by negotiating in a virtual environment instead of showing up to court ...

User comments : 0

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.