Wellcare Health Plans Inc Q1 Earnings Rise 100%

(RTTNews) - Wellcare Health Plans Inc (WCG) released a profit for its first quarter that climbed from last year.

The company said its bottom line totaled $47.0 million, or $1.06 per share. This was higher than $23.5 million, or $0.53 per share, in last year's first quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.0% to $3.54 billion. This was up from $3.47 billion last year.

Wellcare Health Plans Inc earnings at a glance:

-Earnings (Q1): $47.0 Mln. vs. $23.5 Mln. last year. -Earnings Growth (Y-o-Y): 100% -EPS (Q1): $1.06 vs. $0.53 last year. -EPS Growth (Y-o-Y): 100% -Analysts Estimate: $0.68 -Revenue (Q1): $3.54 Bln vs. $3.47 Bln last year. -Revenue Change (Y-o-Y): 2.0%