WellCare Reaffirms Guidance

WellCare Health Plans(WCG Quote - Cramer on WCG - Stock Picks) Monday reaffirmed its full-year 2006 earnings guidance, giving a range that was higher than estimates gathered by Thomson Financial.

Shares edged higher in morning trading.

In a Securities and Exchange Commission filing, the company said earnings per share for the year would come in between $2.85 and $2.90, vs. Thomson's $2.55 to $2.95 range.

"In addition, the company will be highlighting for investors the successful launch of its Georgia health plan, the continued success of its national Medicare prescription drug plan and the company's confidence in the fundamentals supporting its operations," WellCare said in the filing.