Anthem tops Street 4Q forecasts
INDIANAPOLIS (AP) — Anthem Inc. (ANTM) on Wednesday reported fourth-quarter profit of $368.4 million.
On a per-share basis, the Indianapolis-based company said it had profit of $1.37. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.76 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The health insurer posted revenue of $21.71 billion in the period. Its adjusted revenue was $21.48 billion, which also beat Street forecasts. Six analysts surveyed by Zacks expected $20.91 billion.
For the year, the company reported profit of $2.47 billion, or $9.21 per share. Revenue was reported as $84.19 billion.
Anthem expects full-year revenue in the range of $86.5 billion to $87.5 billion.
Anthem shares have increased 7 percent since the beginning of the year. The stock has risen 19 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 https://www.zacks.com/ap/ANTM
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