Health Net, Inc. (NYSE:HNT): Health Net, Inc. has reported a second quarter revenue of $2.7 billion, a consensus of $2.80 billion, and an earnings per share of $119.4 million in net gain from the sale of discontinued operations that represent the company’s Medicare PDP business sold on April 1 to an affiliate of CVS Caremark Corporation. In addition, there was a $6.5 million pre-tax loss that was due to the company’s divested operations and services, as well as $10.8 million in expenses related to their general and administrative cost reduction efforts. Shares of Health Net, Inc. are trading at 19.47% lower today.
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Linkedin Corporation (NYSE:LNKD): Chief Executive officer, Jeff Weiner, told CNBC that Asia Pacific is their fastest growing region. Shares of Linkedin Corporation are trading at 11.96% higher today.
WellCare Health Plans, Inc. (NYSE:WCG): WellCare Health Plans, Inc. raised their 2012 fiscal year revenue view from $7.0 billion to $7.1 billion. Their consensus for fiscal year 2012 earnings per share is $5.41 and for revenue, it is $7.19 billion. Their shares, are trading at 6.16% lower today.
The Procter & Gamble Company (NYSE:PG): Procter & Gamble Company expects net sales for the fiscal year 2013 to be in line to down 2% versus the prior year which included a negative 4% impact from foreign exchange. Organic sales are expected to increase 2%-4%. Pricing is expected to add 2% to sales. However, an unfavorable product and geographic mix is expected to reduce sales by 1%. The Company said it will re-purchase $4 billion in P&G stock over the course of the fiscal year. Shares are trading at 3.13% higher today.
Piedmont Natural Gas Company Inc. (NYSE:PNY): Davidson College announced Wednesday that they had reached a settlement with Piedmont Natural Gas over the route of a proposed pipeline. Instead of cutting through an undisturbed portion of the college’s 200-acre ecological preserve, as originally planned, a 5,100-foot section of Piedmont’s new pipeline will follow an existing utility’s right of way through the property. Their shares are trading at 2.08% higher today.
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