Elevance Health: Q3 Earnings Snapshot

Barchart · 10/17 05:06

INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Thursday reported third-quarter net income of $1.02 billion.

The Indianapolis-based company said it had profit of $4.36 per share. Earnings, adjusted for one-time gains and costs, came to $8.37 per share.

The results missed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $9.70 per share.

The health insurer posted revenue of $45.11 billion in the period. Its adjusted revenue was $44.72 billion, beating Street forecasts. Eighteen analysts surveyed by Zacks expected $43.26 billion.

Elevance Health expects full-year earnings to be $33 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ELV at https://www.zacks.com/ap/ELV