Wellcare Health Plans Inc Q2 adjusted earnings Beat Estimates

(RTTNews) - Wellcare Health Plans Inc (WCG) reported a profit for its second quarter that increased from the same period last year.

The company's bottom line totaled $182.8 million, or $3.60 per share. This compares with $151.6 million, or $3.35 per share, in last year's second quarter.

Excluding items, Wellcare Health Plans Inc reported adjusted earnings of $219.0 million or $4.31 per share for the period.

Analysts had expected the company to earn $4.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 51.1% to $7.01 billion from $4.64 billion last year.

Wellcare Health Plans Inc earnings at a glance:

-Earnings (Q2): $219.0 Mln. vs. $166.9 Mln. last year. -EPS (Q2): $4.31 vs. $3.69 last year. -Analysts Estimate: $4.16 -Revenue (Q2): $7.01 Bln vs. $4.64 Bln last year.