WellCare Health Plans (WCG) to Take Reserve Charge on Iowa Contract; Leerink Partners Would Buy on Weakness
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WellCare Reports Third Quarter 2015 Results
November 4, 2015 6:25 AM ESTTAMPA, Fla., Nov. 4, 2015 /PRNewswire/ --Â WellCare Health Plans, Inc. (NYSE: WCG) today reported results for the quarter ended September 30, 2015. As determined under generally accepted accounting principles (GAAP), net income for the third quarter of 2015 was $36.4 million, or $0.82 per diluted share. Adjusted net income for the third quarter of 2015 was $44.6 million, or $1.00 per diluted share.
"Our third quarter 2015 results reflect continued progress and improved operational performance," said Kenneth Burdick, WellCare's chief executive officer. "We are especially pleased that we were selected to serve Medicaid recipients in Iowa beginning in 2016 and to... More
