Anthem stock gains after profit and revenue beats, raised full-year earnings outlook

Anthem stock gains after profit and revenue beats, raised full-year earnings outlook
·1 min read

Shares of Anthem Inc. rose 0.6% in premarket trading Wednesday, after the health benefits company reported third-quarter profit and revenue that rose above expectations, amid higher premium revenue due to growth in Medicaid and Medicare, and raised its full-year outlook. Net income rose nearly seven-fold to $1.51 billion, or $6.13 a share, from $222 million, or 87 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to $6.79, above the FactSet con

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