UPDATE: WellCare Posts Lower Q4 Profit

WellCare Health Plans (NYSE: WCG ) reported a 12% drop in its fourth-quarter earnings. For the new year, WellCare expects earnings of $3.75 to $4.05 per share on premium revenue of $11.6 billion to $11.75 billion. However, analysts expected earnings of $5.06 per share. WellCare's quarterly profit fell to $42.9