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WellPoint reaffirms 2012 earnings forecast
San Francisco Chronicle

WellPoint Inc. is sticking with a 2012 earnings forecast that it had cut in July, and the nation’s second-largest health insurer said it expects next year’s earnings to be on par with this year’s performance. The Indianapolis company on Tuesday reaffirmed its forecast for 2012 adjusted earnings of $7.30 to $7.40 per share, which doesn’t count investment gains and litigation or acquisition costs. That means the forecast doesn’t count costs tied to its acquisition of fellow insurer Amerigroup Corp., a $4.46 billion deal WellPoint expects to close later this month.

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