Insurer WellPoint's 3Q net income edges higher

(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.

The Indianapolis-based company says it earned $691.2 million, or $2.15 per share, in the three months that ended Sept. 30. That's up from $683.2 million, or $1.90 per share, in last year's third quarter.

Excluding investment gains, adjusted earnings were $2.09 per share. Analysts expected $1.83 per share.

Its revenue excluding investments was $15.13 billion. Analysts expected $15.3 billion in revenue.

says its enrollment fell more than 2 percent to about 33.5 million people compared to last year.

The company operates Blue Cross Blue Shield plans in 14 states, including California, New York and Ohio.

0 shares

Related Stories

CenturyLink 3Q net income falls as expenses rise

date Nov 02, 2011

(AP) -- Phone company CenturyLink Inc. says its third-quarter net income fell as rising operating expenses related to its April acquisition of larger phone company Qwest overshadowed increased revenue.

Qualcomm 3Q results beat Wall Street estimates

date Jul 20, 2011

(AP) -- Wireless chip-maker Qualcomm Inc.'s results for the latest quarter beat Wall Street's expectations, and its projections for the current quarter are also above analysts' estimates.

Recommended for you

Drug and device firms paid $6.5B to care providers

date Jun 30, 2015

From research dollars to free lunches and junkets, drug and medical device companies paid doctors and leading hospitals nearly $6.5 billion last year, according to government data posted Tuesday.

User 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.