INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Tuesday reported third-quarter net income of $1.19 billion.
On a per-share basis, the Indianapolis-based company said it had profit of $5.32. Earnings, adjusted for one-time gains and costs, were $6.03 per share.
The results surpassed Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $4.98 per share.
The health insurer posted revenue of $50.71 billion in the period. Its adjusted revenue was $50.09 billion, also surpassing Street forecasts. Seventeen analysts surveyed by Zacks expected $49.52 billion.
Elevance Health expects full-year earnings to be $30 per share.
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