WellCare Reports Third Quarter 2018 Results
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WellCare Health Plans (WCG) Tops Q3 EPS by 2c, Slight Miss on Revenues; Boosts FY18 EPS Outlook Above Consensus
October 30, 2018 6:02 AM EDTWellCare Health Plans (NYSE: WCG) reported Q3 EPS of $3.33, $0.02 better than the analyst estimate of $3.31. Revenue for the quarter came in at $5.06 billion versus the consensus estimate of $5.06 billion.
GAAP and adjusted total revenue of $5.1 billion and $5.0 billion for the third quarter of 2018 increased 14.9 percent and 13.3 percent, respectively, compared with the third quarter of 2017.GAAP and adjusted Medicaid Health Plans revenue of $3.2 billion and $3.1 billion for the third quarter of 2018 increased 18.4 percent and 15.9 percent, respectively, compared with the third quarter of 2017.In August 2018, WellCare raised... More