Elevance Health: Q2 Earnings Snapshot

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INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Wednesday reported second-quarter net income of $2.3 billion.

On a per-share basis, the Indianapolis-based company said it had net income of $9.85. Earnings, adjusted for one-time gains and costs, were $10.12 per share.

The results exceeded Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $9.99 per share.

The health insurer posted revenue of $43.89 billion in the period. Its adjusted revenue was $43.22 billion, also exceeding Street forecasts. Seventeen analysts surveyed by Zacks expected $42.99 billion.

Elevance Health expects full-year earnings to be $37.20 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