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Better outlook and increase enrollment for WellPoint

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Shares of the health insurer WellPoint Inc (NYSE:WLP) are moving higher in early session as the company reported first quarter adjusted earnings that beat estimates by 18 cents. However, the company reported a lowered net income compared to a year ago. Despite the lowered net income, revenue grew by 1.2% to $17.6 billion for the quarter. As a result of Obamacare, WellPoint saw a rise in membership and premiums. For example, enrollment increased by 1.3 million in the quarter. As of March 31, membership is now at 36.9 million. The full-year earnings outlook was raised above estimates.