WellCare Health Plans (WCG) reported fourth quarter adjusted net income of $1.32 per share Wednesday morning, down from $2.15 per share last year. The consensus estimate was for EPS of $1.25. Full year 2013 adjusted EPS is expected to be between $4.50 and $4.85, compared to the consensus estimate of $4.97.
WellCare Health Plans gapped open sharply higher Wednesday and rose in early trade, before settling into a range. Shares finished up by 5.77 at $59.72 on above average volume. The stock has been climbing for the past month and set nearly a 5-month high.
by RTT Staff Writer
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