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WellPoint points to record Q3 numbers
WellPoint said its profits have nearly doubled as a result of its merger last year with Anthem. The giant health plan announced stellar numbers today, with net income up 164 percent to $640 million. The insurer said its sales more than doubled, rising to $11.3 billion from $4.8 billion. It wasn't enough for Wall Street, however, which was looking for more. WellPoint shares were down 3% in morning trading.
- see this article from TheStreet.com
ALSO: Hospital Corporation of America (HCA) announced a solid third quarter with income up 23 percent, a pleasant respite for shareholders weary of the possible insider-trading scandal at the company. Article
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