Tuesday, May 3, 2016

WellCare Health Q1 Profit Surges, Beats Estimates; Lifts FY16 Earnings View

WellCare Health Plans Inc. (WCG) Tuesday announced a significant increase in first quarter net income to $37.1 million or $0.83 per share from $17.5 million or $0.39 per share last year. On an adjusted basis, earnings were $47 million or $1.06 per share. The company noted that net income margin doubled for the recent first quarter to 1 percent from 0.5 percent.

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