Business

WellPoint 2Q tops Wall Street expectations

By Michelle Chapman
Published July 30, 2014 2:29pm ET
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WellPoint 2Q tops Wall Street expectations
FILE - This Tuesday, July 17, 2012, file photo shows the corporate headquarters of Wellpoint in Indianapolis. Wellpoint reports quarterly financial results on Wednesday, July 30, 2014. (AP Photo/Michael Conroy, File) | Michael Conroy

NEW YORK (AP) — WellPoint’s second-quarter profit fell 8.6 percent as expenses tied to changes in the nation’s health care laws climbed.

It still beat Wall Street expectations, and the nation’s second-biggest health insurer raised its profit expectations for the year. Its shares fell in morning trading after initially rising.

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