WellCare Health Plans (WCG) Tops Q3 EPS Views; Boosts FY16 EPS Outlook

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WellCare Reports Third Quarter 2016 Results

November 1, 2016 6:15 AM EDT

TAMPA, Fla., Nov. 1, 2016 /PRNewswire/ -- WellCare Health Plans, Inc. (NYSE: WCG) today reported results for the quarter ended September 30, 2016. As determined under generally accepted accounting principles (GAAP), net income for the third quarter of 2016 was $68.6 million, or $1.54 per diluted share. Adjusted net income for the third quarter of 2016 was $72.8 million, or $1.63 per diluted share.

"Our continued focus on operational execution resulted in another strong quarter for WellCare," said Kenneth A. Burdick, WellCare's chief executive officer. "Our third quarter 2016 results demonstrate the progress we are making toward achieving our... More