Summary Box: WellPoint 3Q profit up, stock down

Health insurer WellPoint's 3rd quarter net income edges up, stock falls after election

Associated Press

THE RESULTS: Health insurer WellPoint Inc. earned $691.2 million, or $2.15 per share, in the third quarter. That's up 1 percent from $683.2 million, or $1.90 per share, in last year's quarter. Excluding investment gains, adjusted earnings were $2.09 per share. Revenue also excluding investments was relatively flat at $15.13 billion.

THE EXPECTATION: Analysts surveyed by FactSet expected, on average, earnings of $1.83 per share on about $15.3 billion in revenue.

THE REACTION: WellPoint shares sank Wednesday afternoon, a reaction analysts largely chalked up to President Obama's Tuesday night victory, which helped secure the health care overhaul's future.

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