WellCare Raises FY Adj. EPS Guidance - Quick Facts

(RTTNews) - WellCare Health Plans, Inc. (WCG) increased its full-year adjusted EPS guidance to a range of $10.90 to $11.00 from its previous guidance range of $10.70 to $10.90 per diluted share.

Adjusted net income for the third quarter of 2018 was $161.2 million, or $3.33 per diluted share. GAAP and adjusted total revenue was $5.1 billion and $5.0 billion for the third quarter of 2018 increased 14.9 percent and 13.3 percent, respectively, compared with the third quarter of 2017.

GAAP and adjusted Medicaid Health Plans revenue was $3.2 billion and $3.1 billion for the third quarter of 2018 increased 18.4 percent and 15.9 percent, respectively, compared with the third quarter of 2017.