WellCare Reports First Quarter 2019 Results
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WellCare Health Plans (WCG) Tops Q1 EPS by 65c, Revenues Beat; No Guidance Due to Pending Merger
April 30, 2019 6:05 AM EDTWellCare Health Plans (NYSE: WCG) reported Q1 EPS of $3.69, $0.65 better than the analyst estimate of $3.04. Revenue for the quarter came in at $6.73 billion versus the consensus estimate of $6.57 billion.
Key Highlights
GAAP and adjusted total revenue of $6.8 billion and $6.7 billion for the first quarter of 2019 increased 45.5 percent and 47.9 percent respectively, compared with the first quarter of 2018.GAAP and adjusted Medicaid Health Plans revenue of $4.5 billion and $4.4 billion for the first quarter of 2019... More