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<a href="http://www.accessmylibrary.com/article-1G1-135765395/wellcare-05-eps-view.html" title="Facts and information about WellCare '05 EPS View Raised To $1.61-$1.63.(B)(NYSE STOCKS IN THE NEWS)">WellCare '05 EPS View Raised To $1.61-$1.63.(B)(NYSE STOCKS IN THE NEWS)</a>
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WellCare '05 EPS View Raised To $1.61-$1.63.(B)(NYSE STOCKS IN THE NEWS)
Byline: Katharine Stalter
WellCare, which went public at 17 in July 2004, has been shaping a base-on-base pattern since mid-July. For the past 2 1/2 weeks, the stock has closed beneath its 10-week moving average.
The company runs managed health care services for government customers in seven states. Last month it said second-quarter profit grew 57% to 36 cents per share, its lowest level of growth in the past four quarters. The company also raised full-year guidance to $1.61 to $1.63 per share, well above analysts' expectations of $1.50 to $1.55.
The Tampa, Fla.-based company's sales jumped 33% in 2004, up from 13% in 2003. The pretax margin also ...
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