INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Thursday reported second-quarter net income of $1.74 billion.
The Indianapolis-based company said it had net income of $7.72 per share. Earnings, adjusted for one-time gains and costs, came to $8.84 per share.
The results did not meet Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $9.16 per share.
The health insurer posted revenue of $49.78 billion in the period. Its adjusted revenue was $49.42 billion, exceeding Street forecasts. Seventeen analysts surveyed by Zacks expected $48.15 billion.
Elevance Health expects full-year earnings to be $30 per share.
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