WellPoint Beats Estimates With $548.8 Million Profit (WLP)

WellPoint, Inc. WLP on Wednesday morning released financial results that exceeded Wall Street expectations. WellPoint, Inc reported that its 4th quarter net income fell to $548.8 million, or $1.40 per share, down from $2.7 billion, or $5.95 per share, a year earlier. Excluding special items, the company earned $1.33 per share. WellPoint, Inc reported revenue of $14.42 billion, down 4.3% from $15.06 billion a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of $1.22 per share, on revenue of $14.27 billion. WellPoint, Inc. (WLP) ended the previous trading session at $61.70 per share. Analysts covering the company's stock have a consensus price target of $71.50 per share. WellPoint is the nation's largest health benefits company in terms of medical enrollment, with more than 33 million members in its affiliated health plans, and a total of more than 69 million individuals served through all subsidiaries Read more from Benzinga's Company news.