WellPoint Health Networks Inc. said Monday that its second-quarter profit rose 8.6%, beating estimates, driven by membership gains in its managed-care plans.
Profit, before a charge, climbed to $54 million, or 77 cents a share, from $49.8 million, or 75 cents, a year earlier. Revenue at the Woodland Hills company rose 39%, to $1.49 billion from $1.07 billion.
Analysts had expected WellPoint to earn 74 cents a share.
At a Glance:
Foodmaker Inc., the San Diego-based parent of Jack in the Box restaurants, reported fiscal third-quarter earnings of $10 million, or 25 cents a share, compared with $5.5 million, or 14 cents, a year ago.
El Segundo-based Merisel Inc. reported second-quarter profit of $2.0 million, or 7 cents per share, contrasted with a loss of $11.4 million, or 38 cents, a year ago.