WellCare Reports Third Quarter 2019 Results
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WellCare Health Plans (WCG) Tops Q3 EPS by $1.68, Revenues Beat
October 30, 2019 6:02 AM EDTWellCare Health Plans (NYSE: WCG) reported Q3 EPS of $5.50, $1.68 better than the analyst estimate of $3.82. Revenue for the quarter came in at $7.14 billion versus the consensus estimate of $6.79 billion.
Key Highlights
GAAP and adjusted net income margin of 3.4 percent and 3.9 percent, respectively, for the third quarter of 2019 increased approximately 80 basis points and 60 basis points, respectively, compared with the third quarter of 2018.GAAP and adjusted total revenue of $7.1 billion and $7.1 billion, respectively, for the third quarter of 2019 increased 41.2 percent and... More