WellCare Health Plans (WCG) Tops Q4 EPS by 51c; Reaffirms

WellCare Health Plans (NYSE: WCG) reported Q4 EPS of $1.03, $0.51 better than the analyst estimate of $0.52. Revenue for the quarter came in at $3.52 billion versus the consensus estimate of $3.56 billion.

GUIDANCE:

WellCare Health Plans reaffirms FY2017 EPS of $6.00-$6.25, versus the consensus of $6.30.

"While we are now fully focused on 2017 and beyond, we are pleased to report on an excellent 2016," said Kenneth A. Burdick, WellCare\'s chief executive officer. "In 2016, the performance of all of our lines of business improved year over year. We won two Medicaid contracts and announced four acquisitions - two of which closed in 2016. Our momentum is strong as we enter 2017."

For earnings history and earnings-related data on WellCare Health Plans (WCG) click here.

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