INDIANAPOLIS (AP) - Anthem Inc. (ANTM) on Wednesday reported third-quarter profit of $654.8 million.
INDIANAPOLIS (AP) — Anthem Inc. (ANTM) on Wednesday reported third-quarter profit of $654.8 million.
The Indianapolis-based company said it had profit of $2.43 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $2.73 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.
The health insurer posted revenue of $19.77 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $19.71 billion.
Anthem expects full-year earnings in the range of $10.10 to $10.20 per share, with revenue expected to be $78 billion.
Anthem shares have climbed 15 percent since the beginning of the year. The stock has increased 20 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANTM at http://www.zacks.com/ap/ANTM
Keywords: Anthem, Earnings Report