WellCare Health Plans (WCG) Is Sinking After Full Year Guidance Slashed

By RTT News, 
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(RTTNews.com) - WellCare Health Plans ( WCG ) reported a second quarter adjusted loss of $0.07 after the bell Thursday, compared to the profit of $1.35 a year ago. The company also slashed its full year EPS forecast to between $2.20 and $2.50, from prior expectations of $4.40 to $4.75.

WellCare Health Plans gapped open sharply lower Friday morning and is now down 16.85 at $60.00 on above average volume. The stock has plunged to a 5-month low.

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Referenced Stocks: WCG

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