Apr 29, 2015 6:24 AM
Anthem tops 1Q profit forecasts
The Associated Press
INDIANAPOLIS (AP) Anthem Inc. (ANTM) on Wednesday reported first-quarter net income of $865.2 million.
On a per-share basis, the Indianapolis-based company said it had profit of $3.09. Earnings, adjusted for one-time gains and costs, came to $3.14 per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.69 per share.
The health insurer posted revenue of $18.85 billion in the period, falling short of Street forecasts. Thirteen analysts surveyed by Zacks expected $19.28 billion.
Anthem expects full-year earnings to be $9.90 per share, with revenue expected to be $78.5 billion.
Anthem shares have climbed 23 percent since the beginning of the year. The stock has increased 62 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