WellPoint Inc (WLP) Beats Earnings Estimates

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WellPoint Inc (WLP) Beats Earnings Estimates
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WellPoint Inc (NYSE:WLP) released the results from its first quarter this morning, beating its own guidance and posting adjusted earnings of $2.30 per share on revenue of $17.65 billion. Analysts had been expecting the insurance provider to report earnings per share of $2.14 on $17.96 billion in revenue. The company’s net income was $2.40 per share, including net gains of 10 cents per share.

Breaking down WellPoint’s results

In the same quarter a year ago, WellPoint Inc (NYSE:WLP) reported net income of $2.89 per share, including net investment losses of about 5 cents per share. Excluding items, adjusted net income in last year’s first quarter was $2.94 a share, making this year’s result a 21.8% year over year decline.

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