Elevance Health earnings boost health-insurance stocks after upbeat outlook

Elevance Health earnings boost health-insurance stocks after upbeat outlook
By: market watch Posted On: January 23, 2025 View: 14

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Elevance Health Inc.’s stock jumped 5% in premarket trade Thursday and boosted other health insurance stocks, after the company delivered better-than-expected earnings and forecast growth for 2025, easing investor concerns after a big miss in the third quarter.

The Indianapolis-based company ELV had net income of $413 million, or $1.81 a share, for the fourth quarter, down from $831 million, or $3.63 a share, in the year-earlier period. Adjusted for one-time items, the company had EPS of $3.84, ahead of the $3.81 FactSet consensus.

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