These Analysts Cut Their Forecasts On Elevance Health Following Q3 Earnings

Elevance Health Inc. (NYSE:ELV) reported weaker-than-expected earnings for its third quarter on Thursday.

The company posted revenues of $44.7 billion, up 5.3% year-over-year, beating the consensus of $43.33 billion. Profit fell 21% to $1.02 billion, or $4.36 a share. Per-share adjusted earnings reached $8.37, down from $8.99 a year ago, missing the consensus of $9.66.

"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. We expect Medicaid rates will align with ...