Sale of Subsidiary Boosts WellPoint Earnings in Q4
On Wednesday, WellPoint announced that its fourth-quarter profit for 2009 exceeded analyst estimates, reaching $2.7 billion, or $5.95 per share, largely as a result of its sale of pharmacy benefit manager subsidiaries in December. WellPoint is the parent company of Anthem Blue Cross of California.
- "WellPoint Profit Up Eightfold" (Helfand, Los Angeles Times, 1/28).