November 7, 2012 / 11:19 AM / 5 years ago

WellPoint profit tops estimates on lower costs

Nov 7 (Reuters) - WellPoint Inc’s quarterly profit beat analysts’ expectations due to lower costs and the health insurer reiterated its full-year earnings forecast.

Net income rose to $691.2 million, or $2.15 per share, in the third quarter, from $683.2 million, or $1.90 per share, a year earlier.

Excluding items, the company earned $2.09 per share.

Analysts’ on average expected earnings of $1.84, according to Thomson Reuters I/B/E/S.

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