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WellPoint 2Q tops Wall Street expectations
San Francisco Chronicle

WellPoint’s second-quarter profit fell 8.6 percent as expenses tied to changes in the nation’s health care laws climbed.

It still beat Wall Street expectations and the nation’s second-biggest health insurer raised its profit expectations for the year yet again.

Net income declined to $731.1 million, or $2.56 per share, from $800.1 million, or $2.64 per share, in the same quarter a year earlier.

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