INDIANAPOLIS (AP) _ Elevance Health Inc. (ELV) on Wednesday reported fourth-quarter net income of $949 million.
On a per-share basis, the Indianapolis-based company said it had profit of $3.93. Earnings, adjusted for one-time gains and costs, were $5.23 per share.
The results topped Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $5.20 per share.
The health insurer posted revenue of $39.93 billion in the period. Its adjusted revenue was $39.67 billion, which fell short of Street forecasts. Fifteen analysts surveyed by Zacks expected $39.71 billion.
For the year, the company reported profit of $6.03 billion, or $24.81 per share. Revenue was reported as $155.66 billion.
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