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WellPoint Inc.: Earnings Summary Box



By AP
23 July 2008 @ 02:06 pm EST

KEY RESULTS: WellPoint's profit dropped 10 percent, primarily because of rising medical costs. Revenue edged up 3 percent, and enrollment grew 1.5 percent year-over-year to 35.3 million members.

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WLP 49.02 -1.22

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OUTLOOK: WellPoint narrowed its full-year outlook and now expects net income between $5.42 and $5.57 per share. The company had already cut its outlook earlier this year. Analysts now expect annual net income of $5.48 per share.

ANALYST TAKE: WellPoint beat analyst expectations for both second-quarter earnings and revenue.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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