Trigon Healthcare Beats Estimates by a Penny
| Earnings Scorecard | ||
| Actual | Estimated* | Year-Ago |
| $0.86 | $0.85 | $0.62 |
 | ||
Trigon Healthcare(TGH Quote) posted fourth-quarter earnings that exceeded analysts' expectations by a penny, boosted by robust revenues for the quarter.
Richmond, Va.-based Trigon, the state's largest managed care company, said fourth-quarter earnings per share before realized gains and losses was 86 cents, up from 62 cents in the year-ago period. According to a poll by First Call/Thomson Financial, the consensus estimate of 14 analysts was 85 cents a share for the quarter.
Trigon, which recently lost its bidding war against WellPoint Health Networks(WLP Quote) for Georgia-based Blue Cross/Blue Shield operator Cerulean, said fourth-quarter operating income, which is measured as premium and fee revenues, less medical claims and administrative expenses, grew 76% to $25.8 million from $14.7 million last year. This resulted in an operating margin of 3.9%. ...
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