Wednesday, WellCare Health Plans Inc. (WCG) reported third-quarter net income of $28.7 million or $0.68 per share, compared to a loss of $18.2 million or $0.44 per share in the same quarter last year.
On an adjusted basis, net income was $34.7 million or $0.82 per per share, compared to $48.4 million or $1.15 in the prior year quarter.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.67 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter was $1.67 billion, compared to $1.64 billion in the comparable quarter last year. Analysts expected the company to report revenue of $1.66 billion for the quarter.
Looking ahead to the full year 2009, the company expects adjusted net income in the range of $2.90 - $2.95 per share, compared to the prior guidance range of $2.75 - $2.95 per share. Premium revenue is expected to be in the range of $6.80 - $6.85 billion, compared to the prior guidance range of $6.75 billion - $6.85 billion. Analysts currently anticipate the company to earn $2.93 per share for the full year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.