Health Benefit Company, WellPoint Inc. (NYSE: WLP) reported on Wednesday that fiscal third quarter profit slid 5.1% as overall expenses outpaced revenue growth, offsetting gains in membership and lower medical costs. However, both core earnings and revenue topped analysts’ expectation. WellPoint reiterated its full-year revenue outlook and lifted its earnings projection by 40 cents. The [...]
Humana Inc. (NYSE: HUM) reported better-than-expected fiscal first quarter earnings on Wednesday; however, the Company said it was bothered about 2014, when lower government rates for private Medicare insurance would come into effect. [...]
Shares of WellPoint Inc. (NYSE: WLP) rallied on Wednesday after America’s second largest health-benefit provider reported that fiscal first quarter earnings climbed 3.4% as top line growth was bolstered by strong performance from consumer-business division, offsetting weakness in commercial business division. [...]
Shares of healthcare service providers rallied on Tuesday after the government announced new rates which showed that companies running Medicare Advantage plans will get considerable more money than originally expected. Shares of Dow Component, United Health Group (NYSE: UNH) climbed about 5% by afternoon trade while Humana Inc. (NYSE: HUM), Cigna Corporation (NYSE: CI), Aetna [...]
WellPoint Inc. (NYSE: WLP), a health benefit company, on Monday announced that it agreed to acquire 1-800 CONTACTS Inc., a leading online retailer of contact lenses in the U.S. The acquisition of 1-800 CONTACTS advances WLP’s growth strategy and also enhances the company’s ability to build direct-to-consumer relationships. [...] |
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