WellCare: 3Q Earnings Snapshot

TAMPA, Fla. (AP) _ WellCare Health Plans Inc. (WCG) on Tuesday reported third-quarter earnings of $130.6 million.

The Tampa, Florida-based company said it had net income of $2.70 per share. Earnings, adjusted for non-recurring costs, were $3.33 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.08 per share.

The Medicare and Medicaid coverage provider posted revenue of $5.06 billion in the period, which met Street forecasts.

WellCare expects full-year earnings in the range of $10.90 to $11 per share, with revenue in the range of $20.08 billion to $20.38 billion.

WellCare shares have increased 45 percent since the beginning of the year. The stock has climbed 57 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WCG at https://www.zacks.com/ap/WCG