Elevance Health's (ELV) Q2 Earnings Beat on Lower Benefit Expense
ELVElevance Health(ELV) ZACKS·2024-07-18 02:35

Elevance Health, Inc. (ELV) reported second-quarter 2024 adjusted earnings of 10.12pershare,whichoutpacedtheZacksConsensusEstimateby1.310.12 per share, which outpaced the Zacks Consensus Estimate by 1.3%. The bottom line improved 12% year over year.Operating revenues of 43.2 billion dipped 0.4% year over year. However, the top line beat the consensus mark by 0.5%.The quarterly results were driven by improved product revenues in the CarelonRx business and a significant rise in net investment income. However, the upside was partly offset by a decline in Medicaid ...