WellCare Health Plans (WCG) Tops Q1 EPS Views; Boosts FY16 Outlook

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Go back to WellCare Health Plans (WCG) Tops Q1 EPS Views; Boosts FY16 Outlook

WellCare Reports First Quarter 2016 Results

May 3, 2016 6:10 AM EDT

TAMPA, Fla., May 3, 2016 /PRNewswire/ -- WellCare Health Plans, Inc. (NYSE: WCG) today reported results for the quarter ended March 31, 2016. As determined under generally accepted accounting principles (GAAP), net income for the first quarter of 2016 was $37.1 million, or $0.83 per diluted share. Adjusted net income for the first quarter of 2016 was $47.0 million, or $1.06 per diluted share.

"Our strong results in the first quarter of 2016 reflect our continued focus on business fundamentals and operational execution. All three of our lines of business improved year over year," said Kenneth A. Burdick, WellCare's chief executive... More