WellCare Reports Third Quarter 2015 Results

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Go back to WellCare Reports Third Quarter 2015 Results

WellCare Health Plans (WCG) to Take Reserve Charge on Iowa Contract; Leerink Partners Would Buy on Weakness

November 4, 2015 11:41 AM EST

Leerink Partners reiterated an Outperform rating on WellCare Health Plans (NYSE: WCG) after the company decided that it will take a Premium Deficiency Reserve charge in anticipation of losses in the first 18 months of the Iowa contract. This is prudent given several new State Managed... More

WellCare Health Plans (WCG) Tops Q3 EPS by 4c

November 4, 2015 6:28 AM EST

WellCare Health Plans (NYSE: WCG) reported Q3 EPS of $1.00, $0.04 better than the analyst estimate of $0.96. Revenue for the quarter came in at $3.36 billion versus the consensus estimate of $3.48 billion.

WellCare Health Plans sees FY2015 EPS of $3.35-$3.45, versus prior guidance of $3.30-$3.45 and... More