Elevance Health: Q2 Earnings Snapshot

INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Wednesday reported second-quarter profit of $1.46 billion.

On a per-share basis, the Indianapolis-based company said it had profit of $6.71. Earnings, adjusted for one-time gains and costs, were $7.45 per share.

The results exceeded Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $6.18 per share.

The health insurer posted revenue of $50.47 billion in the period. Its adjusted revenue was $49.83 billion, which also beat Street forecasts. Seventeen analysts surveyed by Zacks expected $48.45 billion.

Elevance Health expects full-year earnings to be $27 per share.

_____

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