NU Online News Service, July 24, 7:15 p.m. – WellPoint Health Networks Inc., Thousand Oaks, Calif., is reporting $170 million in net income for the second quarter on $4.3 billion in revenue, up from $100 million in net income on $3.1 billion in revenue for the second quarter of 2001.
Operating income, which excludes interest and income taxes, increased to $311 million, from $201 million.
Figures for the latest quarter include results for two large, recently acquired managed-care companies, Cerulean Companies Inc., Atlanta, and RightChoice Managed Care Inc., St. Louis. A detailed income statement breaking out the contributions of Cerulean, RightChoice and WellPoint’s original operations was not immediately available.