INDIANAPOLIS (AP) — Anthem Inc. (ANTM) on Wednesday reported third-quarter profit of $654.8 million.
The Indianapolis-based company said it had profit of $2.43 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $2.73 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.
The health insurer posted revenue of $19.77 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $19.71 billion.
Anthem expects full-year earnings in the range of $10.10 to $10.20 per share, with revenue expected to be $78 billion.
Anthem shares have climbed 15 percent since the beginning of the year. The stock has increased 20 percent 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 http://www.zacks.com/ap/ANTM
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