Elevance Health Inc. (ELV) has announced a decline in its fourth-quarter profit compared to the previous year. The company's net income for this period was $418 million, translating to earnings of $1.81 per share. This is a decrease from last year's figures which reported a net income of $856 million, or $3.63 per share.
When excluding certain items, Elevance Health Inc. disclosed adjusted earnings of $888 million, or $3.84 per share, for this quarter.
Contrasting with the decrease in profit, the company's revenue for the period experienced a growth of 6.0%, reaching $44.989 billion, up from $42.454 billion in the previous year.
A quick overview of Elevance Health Inc.'s earnings (according to GAAP):
- Earnings: $418 million, compared to $856 million the previous year.
- Earnings Per Share (EPS): $1.81, compared to $3.63 last year.
- Revenue: $44.989 billion, compared to $42.454 billion last year.
