Coventry Health Care Beats Estimates With $150 Million Profit (CVH)

Bethesda, Maryland-based Coventry Health Care, Inc. CVH on Tuesday morning released financial results that beat Wall Street expectations. Coventry Health Care, Inc reported that its 4th quarter net earnings rose to $150.3 million, or $1.01 per share, up from $109.1 million, or 74 cents per share, a year earlier. Excluding special items, the company reported core earnings of 96 cents per share. Coventry Health Care, Inc reported revenue of $3.03 billion, down from $3.4 billion a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 88 cents per share, on revenue of $3.01 billion. Coventry Health Care, Inc. (CVH) ended the previous trading session at $31.34 per share. Analysts covering the company's stock have a consensus price target of $32.29 per share. Coventry Health Care, Inc is a diversified national managed healthcare company operating health plans, insurance companies, network rental and workers' compensation services companies. The company provides a full range of risk and fee-based managed care products and services to a broad cross section of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators. Read more from Benzinga's Company news.