Elevance Health: Q1 Earnings Snapshot

INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Thursday reported first-quarter net income of $2.25 billion.

The Indianapolis-based company said it had net income of $9.59 per share. Earnings, adjusted for one-time gains and costs, were $10.64 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $10.54 per share.

The health insurer posted revenue of $42.58 billion in the period. Its adjusted revenue was $42.27 billion, which fell short of Street forecasts. Thirteen analysts surveyed by Zacks expected $42.43 billion.


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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up