(RTTNews) - Coventry Health Care, Inc.
(CVH) reported first-quarter net earnings of $125.03 million or $0.81 per share, compared to $121.74 million or $0.76 per share in the same quarter last year.
Total operating revenues increased to $2.94 billion from $2.24 billion a year-ago.
Analysts, on average, polled by First Call/Thomson Financial expected earnings of $0.81 per share on revenues of $2.98 billion.
Previously, the company estimated first-quarter earnings of $0.81 per share on revenue of about $3.0 billion.
For the second quarter, the company expects earnings in the range of $1.03 - $1.04 per share on revenues of $2.95 billion - $3.10 billion. Analysts expect earnings of $1.10 per share on revenue of $3.07 billion for the second quarter.
For the full-year 2008, the company still expects earnings in the range of $4.39 - $4.50 per share on revenue of $11.99 billion - $12.49 billion. Analysts expect earnings of $4.43 per share on revenue of $12.37 billion.
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