On Wednesday health insurer WellPoint, Inc. (
) saw a slight increase in third quarter net income beating Wall
The Indianapolis, Indiana based company said its net income for
the quarter ending September 30 was $691.2 million, or $2.15 per
share, up from $683.2 million, or $1.90 per share, a year earlier.
Excluding some investment items, the adjusted earnings for the
quarter were $2.09 per share, beating Wall Street estimates of
$1.83 per share according to FactSet.
The revenue for the insurance company was $15.13 billion, which
missed analysts expectations of $15.3 billion.
WellPoint also reaffirmed its 2012 EPS forecast, saying that the
firm will earn about $7.30 to $7.40 per share in 2012. Analysts
expect, on average, earnings of $7.38 per share.
WellPoint shares were down $2.25, or -3.68%, in premarket
trading on Wednesday.
The Bottom Line
Shares of Wellpoint, Inc. (
) have a 1.88% dividend yield, based on last night's closing stock
price of $61.20. The stock has technical support in the $55-$58
price area. If the shares can firm up, we see overhead resistance
around the $63-$65 price levels.
WellPoint, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.2 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
Created by Dividend.com