Elevance Stock Slides Despite Earnings Beat as Medicaid Membership Declines
Elevance Health(ELV) Investopedia·2024-07-17 23:25
Key TakeawaysElevance Health posted adjusted earnings per share (EPS) of $10.12 on revenue of $43.2 billion, beating analysts' expectations.Operating revenue fell year-over-year due to "attrition in Medicaid membership."The company reiterated its full-year adjusted EPS guidance of at least $37.20. Elevance Health (ELV) topped analyst expectations with its second-quarter results, but shares of the health insurance provider fell in intraday trading Wednesday amid declining Medicaid membership. The Indianapoli ...