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WellPoint (WLP) Sees FY12 adj.-EPS at High-End or Slightly Above Prior Guidance

January 8, 2013 6:22 AM EST Send to a Friend
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Officers of WellPoint, Inc. (NYSE: WLP) expect to speak with securities analysts and investors on January 8, 2013. During these meetings, the officers expect to make the following comments about WellPoint’s 2012 financial results and 2013 outlook.

As described in the company’s Form 8-K dated December 11, 2012, WellPoint previously expected full year 2012 GAAP net income of $7.37 to $7.47 per share, which included $0.07 per share of net positive contributions related to the items listed in the table below. Excluding those items, WellPoint previously expected full year 2012 adjusted net income of $7.30 to $7.40 per share. Off this base, WellPoint continues to expect relatively stable adjusted net income in 2013 and a lower share count due to capital deployment. WellPoint expects adjusted net income per share to grow moderately in 2013, including integration costs related to the Amerigroup acquisition in the 2013 outlook.

While WellPoint is still completing its year-end 2012 accounting close, preliminary analysis indicates that full year 2012 GAAP net income will exceed the prior guidance range of $7.37 to $7.47 per share, primarily due to the favorable settlement of a tax matter during the fourth quarter of 2012. Excluding the tax settlement, closing costs related to the Amerigroup acquisition and the items listed in the table below, full year 2012 adjusted net income is expected to be near the high end or slightly above the prior guidance range of $7.30 to $7.40 per share.

*** The Street currently sees FY12 EPS of $7.46.




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