Elevance Health, Medicaid
Elevance Health’s stock tumbles as profit dented by ‘unprecedented’ Medicaid challenges
We remain confident in the long-term earnings potential of our diverse businesses as we navigate a dynamic operating environment and unprecedented challenges in the Medicaid business,” Chief Executive Gail K.
Elevance Warns on Medicaid Challenges, Hammering Health-Insurance Stocks
Elevance Health's quarterly earnings fell below expectations, the latest sign of how medical expenses are squeezing the industry. Insurance stocks sold off in morning trading. Dig deeper:
Medicaid drags Elevance Health as it misses on profit in Q3
Elevance Health fell short of Wall Street analysts' predictions, posting $1 billion in profit amid rising medical costs. | Elevance Health fell short of Wall Street analysts' predictions, posting $1 billion in profit amid rising medical costs.
Elevance Health: Q3 Earnings Snapshot
The health insurer posted revenue of $45.11 billion in the period. Its adjusted revenue was $44.72 billion, beating Street forecasts. Eighteen analysts surveyed by Zacks expected $43.26 billion. Elevance Health expects full-year earnings to be $33 per share.
Elevance Health 3Q Revenue Beats Estimates Amid Medicaid-Related Challenges
Elevance Health posted better-than-expected revenue in its latest quarter but noted challenges associated with Medicaid including a lower medical membership count and timing issues that would pressure its 2024 results.
Elevance Health Inc. Q3 Profit Decreases, Misses Estimates
Elevance Health Inc. (ELV) announced a profit for third quarter that decreased from the same period last year and missed the Street
Elevance Health Latest Insurer Battered By Higher Medical Costs
Elevance Health is the latest health insurance company to report higher-than-expected medical costs as third quarter profits ...
Elevance Health cuts annual profit forecast on persistently higher medical costs
Elevance Health cut its full-year profit forecast on Thursday, as it expects to pay out more in claims due to robust demand ...
Elevance Shares Dive After Insurer Faces ‘Unprecedented’ Medicaid Challenge
It was the latest sign of how medical expenses are squeezing insurers’ earnings, a result likely to punish shares across the ...
Elevance Tumbles On Forecast Cut, Third-Quarter Earnings Miss
Elevance Health Inc. shares sank in early trading after the insurer cut its outlook for the year and reported third-quarter ...
Elevance Health's Q3 Earnings: Profit Falls Short Of Expectations On Higher Medical Costs, Issues Soft Annual Outlook
Elevance Health reported Q3 revenue of $44.7 billion, driven by higher premium yields and CarelonRx growth. However, profit ...
Elevance makes a late cut to its 2024 forecast after seeing trouble in Medicaid
Shares of Elevance tumbled early Thursday after the insurer said rising Medicaid costs prompted a 2024 forecast cut less than ...
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Elevance shares plummet as its Medicaid business struggles
The results show a worsening outlook for health insurers that for years have relied on government programs for growth.
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Elevance shares tumble on earnings miss, reduced full-year forecast
The Indianapolis=based health insurance giant reported Thursday morning it expects full-year earnings to be $33 a share, down ...
UnitedHealth forecasts 2025 profit below Street estimates, shares fall
UnitedHealth Group provided a 2025 profit forecast below Wall Street estimates on Tuesday as it expects pressure across its ...