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Provider: Wright Reports
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Wellcare Health Plans Inc Raises FY 2013 EPS Guidance

Friday, 3 May 2013 06:30am EDT 

Wellcare Health Plans Inc updated fiscal 2013 guidance and expects adjusted net income per diluted share (EPS) to be between approximately $4.60 and $4.90. The previous guidance was for adjusted net income per diluted share of between approximately $4.50 and $4.85. The improved outlook principally is due to the favorable development of prior years' medical benefits payable included in the Company's first quarter results, offset by the impact, beginning in April, of the U.S. federal budget sequestration to the Medicare Advantage and Medicare PDP segments. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $4.88 for fiscal 2013. 

Company Quote

1.41 +1.70%
26 Dec 2014