On July 23, 2008, Wellpoint (WLP) reported a 2nd quarter profit of $750.5 million, or $1.44 per share, exceeding the estimates of analysts surveyed by Thomson Financial, who were expecting $1.36 per share. The company again lowered its 2008 outlook, forecasting rising medical costs and decreasing enrollment for the remainder of the year. Source: http://www.cnbc.com/id/25810575/for/cnbc
On March 10, 2008, Wellpoint (WLP) revised its forecast for 1Q 2008 net income to $1.16 to $1.26 per share, down from its prior forecast of $1.44 per share. The company also revised its outlook for 2008 net income to $5.76 to $6.01 per share, down from its previous forecast of $6.41 per share. Management cited higher than expected medical costs, lower than expected enrollment, and to a lesser extent deteriorating economic conditions as reasons for lowering guidance. Source: http://www.secinfo.com/d14D5a.t1ybd.d.htm
