Elevance Health Reports Strong Q4 Earnings, Tops Wall Street Estimates
Elevance Health Inc. (ELV) reported net income of $418 million in the fourth quarter, with earnings per share of $1.81. Adjusted for one-time items, earnings came in at $3.84 per share, exceeding analyst expectations of $3.80 per share.
Revenue for the quarter totaled $45.44 billion, with adjusted revenue of $44.99 billion. This also surpassed analyst forecasts of $44.67 billion.
For the full year, Elevance Health posted profit of $5.98 billion or $25.68 per share, on revenue of $175.2 billion.
The company provided guidance for full-year 2023 earnings in the range of $34.15 to $34.85 per share.