Elevance Health Inc. (ELV) reported earnings for its second quarter, showing an increase from the same period last year and surpassing Wall Street projections.
The company reported a net income of $2.3 billion, or $9.85 per share, compared to $1.853 billion, or $7.79 per share, in the same quarter last year.
On an adjusted basis, Elevance Health Inc. posted earnings of $2.362 billion, or $10.12 per share.
Analysts, on average, had anticipated earnings of $10.01 per share, according to Thomson Reuters, with estimates typically excluding special items.
Revenue for the quarter saw a slight decline of 0.4%, dropping to $43.223 billion from $43.377 billion in the prior year.
Here is a summary of Elevance Health Inc.'s (GAAP) second-quarter earnings:
- **Earnings (Q2):** $2.3 billion vs. $1.853 billion last year.
- **EPS (Q2):** $9.85 vs. $7.79 last year.
- **Revenue (Q2):** $43.223 billion vs. $43.377 billion last year.
