INDIANAPOLIS (AP) - Anthem Inc. on Wednesday reported first quarter earnings of $1.55 billion.
The Indianapolis company said it had net income of $5.91 per share. Earnings, adjusted for one-time gains and costs, came to $6.03 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $5.86 per share.
The health insurer posted revenue of $24.67 billion in the period. Its adjusted revenue was $24.39 billion, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $24.25 billion.
Anthem expects full-year earnings to be $19.20 per share, with revenue expected to be $100 billion.
Anthem shares have declined 4.5% since the beginning of the year. The stock has risen 10% in the last 12 months.
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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 https://www.zacks.com/ap/ANTM
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