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WellPoint maintains its 2010 profit forecast

Thu, 12/02/2010 - 12:45pm
The Associated Press

Health insurer WellPoint Inc. said Thursday it will back its annual profit forecast during meetings with analysts and investors over the next few days.

The company said in November that it expected a profit of at least $6.60 per share in 2010. In a filing with the Securities and Exchange Commission, WellPoint said it will maintain that forecast. Its estimate includes gains on investments worth 18 cents per share, and an asset impairment charge of 3 cents per share.

Analysts expect a profit of $6.54 per share, according to Thomson Reuters.

Shares of WellPoint climbed $1.95, or 3.5 percent, to $58.44 Thursday. In aftermarket trading they picked up another 8 cents to $58.52.

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