PacifiCare Forecast in Line With Wall St.
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PacifiCare Health Systems Inc. gave a 2005 earnings forecast that was roughly in line with Wall Street analysts’ views, citing growth in commercial membership in its health plans.
The Cypress-based health insurer estimated 2005 net income of $360 million to $375 million and 15% growth in revenue.
It expects earnings of $3.64 to $3.80 a share and forecast first-quarter profit of 85 cents to 89 cents a share. That compares with the average estimates of analysts polled by Reuters Estimates of $3.73 a share for 2005 and 88 cents for the quarter.
PacifiCare shares rose 65 cents to $58.55 on the NYSE.
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