INDIANAPOLIS (AP) 鈥� INDIANAPOLIS (AP) 鈥� 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.
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