PacifiCare Releases Financial Performance Expectations for 2005
PacifiCare Health Systems on Tuesday announced that it anticipated 2005 earnings of between $3.64 and $3.80 per share and an increase in membership, Reuters/Orange County Register reports. The company's 2005 estimates are consistent with earnings estimates of $3.73 per share by analysts polled by Reuters Estimates. In addition, the company predicted a first-quarter profit of 85 cents to 89 cents per share.
PacifiCare officials expect net income for 2005 to be $360 million to $375 million, with a 15% increase in revenue. The company also expects commercial membership in 2005 to increase by between 3% and 3.5% (Reuters/Orange County Register, 1/12).