INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Thursday reported fourth-quarter net income of $418 million.
The Indianapolis-based company said it had net income of $1.81 per share. Earnings, adjusted for one-time gains and costs, came to $3.84 per share.
The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $3.80 per share.
The health insurer posted revenue of $45.44 billion in the period. Its adjusted revenue was $44.99 billion, which also topped Street forecasts. Sixteen analysts surveyed by Zacks expected $44.67 billion.
For the year, the company reported profit of $5.98 billion, or $25.68 per share. Revenue was reported as $175.2 billion.
Elevance Health expects full-year earnings in the range of $34.15 to $34.85 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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