WellCare Reports Second Quarter 2018 Results

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Go back to WellCare Reports Second Quarter 2018 Results

WellCare Health Plans (WCG) Tops Q2 EPS by 34c, Revenues; Boosts FY18 EPS Guidance

July 31, 2018 6:04 AM EDT

WellCare Health Plans (NYSE: WCG) reported Q2 EPS of $3.37, $0.34 better than the analyst estimate of $3.03. Revenue for the quarter came in at $4.52 billion versus the consensus estimate of $4.66 billion.

"We are pleased with our second quarter 2018 results as they reflect continued strong performance across all three lines of our business," said Ken Burdick, WellCare's chief executive officer. "We are also pleased that we continue to advance our growth agenda through our recent Medicaid wins in Florida and our pending acquisition of Meridian Health Plans."

"As a result of our second quarter performance, we... More