INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Wednesday reported fourth-quarter earnings of $547 million.
The Indianapolis-based company said it had profit of $2.47 per share. Earnings, adjusted for one-time gains and costs, were $3.33 per share.
The results topped Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $3.10 per share.
The health insurer posted revenue of $49.75 billion in the period. Its adjusted revenue was $49.31 billion, missing Street forecasts. Nineteen analysts surveyed by Zacks expected $49.53 billion.
For the year, the company reported profit of $5.66 billion, or $25.21 per share. Revenue was reported as $197.58 billion.
Elevance Health expects full-year earnings to be $25.50 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
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