Health insurer WellPoint's 1Q profit rises 3 pct

INDIANAPOLIS (AP) ? WellPoint says its first-quarter earnings rose about 3 percent, as the nation's second largest health insurer saw a revenue gain from an acquisition. It also raised its 2013 net income forecast.

The Indianapolis company says it earned $885.2 million, or $2.89 per share, in the three months that ended March 31. That's up from $856.5 million, or $2.53 per share, a year ago.

Adjusted earnings totaled $2.94 per share. Analysts forecast earnings of $2.38 per share.

Operating revenue jumped nearly 16 percent to $17.55 billion. Analysts expected higher revenue of $17.86 billion.

WellPoint now it expects 2013 earnings of at least $7.80 per share, up from the $7.60 per share it forecast in January.

The insurer runs Blue Cross Blue Shield plans in 14 states, including California, New York and Ohio.

Source: http://news.yahoo.com/health-insurer-wellpoints-1q-profit-rises-3-pct-103538832--finance.html

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