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WellPoint 2Q tops Wall Street expectations

FILE - This Tuesday, July 17, 2012, file photo shows the corporate headquarters of Wellpoint in Indianapolis. Wellpoint reports quarterly financial results on Wednesday, July 30, 2014. (AP Photo/Michael Conroy, File)
FILE - This Tuesday, July 17, 2012, file photo shows the corporate headquarters of Wellpoint in Indianapolis. Wellpoint reports quarterly financial results on Wednesday, July 30, 2014. (AP Photo/Michael Conroy, File) FILE - This Tuesday, July 17, 2012, file photo shows the corporate headquarters of Wellpoint in Indianapolis. Wellpoint reports quarterly financial results on Wednesday, July 30, 2014. (AP Photo/Michael Conroy, File)

By Associated Press 1 min read

INDIANAPOLIS (AP) – WellPoint’s second-quarter profit fell 8.6 percent as expenses climbed.

Its performance beat Wall Street’s expectations.

The Indianapolis health insurer reported Wednesday that 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.

Earnings, adjusted for investment gains, came to $2.44 per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.28.

Total expenses increased to $17.21 billion from $16.48 billion.