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Elevance Health Latest Insurer Battered By Higher Medical Costs

Elevance Health is the latest health insurance company to report higher-than-expected medical costs as third quarter profits tumbled more than 20%.

Reuters · 11h

Elevance Health slashes profit forecast on persistently high medical costs

Elevance Health cut its annual profit expectation on Thursday due to increased medical costs in its government-backed plans, becoming the latest U.S. insurer to take a hit from high demand for healthcare services.

MarketWatch on MSN · 14h

Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges

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,” Chief Executive Gail K.

Elevance Tumbles On Forecast Cut, 3rd-Quarter Earnings Miss

The Associated Press - Busines… · 10h

Elevance makes a late cut to its 2024 forecast after seeing trouble in Medicaid

Elevance Health surprised Wall Street with a rare, late-year guidance cut Thursday after a jump in Medicaid costs marred its third quarter.

Bloomberg L.P. · 15h

Elevance Tumbles On Forecast Cut, Third-Quarter Earnings Miss

Elevance Health Inc. shares sank in early trading after the insurer cut its outlook for the year and reported third-quarter profit below Wall Street expectations, citing insufficient payments from Medicaid.

MT Newswires on MSN · 13h

Elevance Health Lowers Full-Year Earnings Outlook Following Mixed Third-Quarter Results

Elevance Health (ELV) slashed its full-year earnings outlook on Thursday as the health insurer's third-quarter revenue beat Wall Street estimates while bottom-line results missed expectations amid challenges in the Medicaid business.

TSMC, Nvidia, Blackstone, Elevance Health, and More

Barron's on MSN · 5h

These Stocks Are Moving the Most Today: TSMC, Nvidia, Travelers, Expedia, Lucid, Elevance, Blackstone, Netflix, and More

Taiwan Semiconductor reports a third-quarter earnings surge of 54%, Travelers rises sharply after topping profit estimates, Expedia jumps after a report says Uber has explored a bid for the online travel company,

TheStreet on MSN · 8h

Midday stock movers: Taiwan Semi, Expedia, Elevance

The stock market is trading higher midday. The S&P 500 gained 0.32% and the tech-heavy Nasdaq Composite added 0.56%. The Dow Jones Industrial Average rose 0.4%, while the Russell 2000 Index lost 0.3%.

Investopedia on MSN · 9h

Top Stock Movers Now: TSMC, Nvidia, Blackstone, Elevance Health, and More

Key Takeaways Major U.S. indexes advanced at midday Thursday as a strong report on demand for artificial intelligence chips boosted the tech sector.Nvidia supplier TSMC posted strong profits on AI chip sales,

Elevance Health Ads To Carelon Portfolio With Carebridge Acquisition

Elevance Health has purchased Carebridge, a manager of "home and community-based services," the health insurer disclosed ...

2hon MSN

Elevance Health tumbles on earnings, reflecting an industry struggle

Elevance Health (ELV) shares lost 11% on Thursday after the health insurance group posted weaker-than-expected third-quarter ...

Modern Healthcare10h

Elevance joins chorus protesting new MA star ratings

Elevance Health is "considering all of our options” to dispute the latest round of Medicare Advantage star ratings, President ...

MarketWatch5h

Elevance Health Inc. stock underperforms Thursday when compared to competitors

Shares of Elevance Health Inc. ELV plunged 10.59% to $444.35 Thursday, on what proved to be an all-around mixed trading ...

Elevance Health: A Bad Q3 Was Almost Inevitable Given Industry Headwinds

Elevance Health faces profitability issues, impacting its stock price. See more about ELV stock's cautious hold rating and ...

Why Elevance Health (ELV) Shares Are Falling

Elevance Health shares edged lower by 3.5% on Tuesday. Healthcare stocks are trading lower following UnitedHealth Group's Q3 ...

Hosted on MSN3d

Elevance's Pre-Q3 Earnings Analysis: Smart Buy Now or Caution Ahead?

Elevance Health, Inc. ELV is set to report its third-quarter 2024 results on Oct. 17, 2024, before the opening bell. The ...

Zacks.com on MSN3d

Gear Up for Elevance Health (ELV) Q3 Earnings: Wall Street Estimates for Key Metrics

In its upcoming report, Elevance Health (ELV) is predicted by Wall Street analysts to post quarterly earnings of $9.74 per share, reflecting an increase of 8.3% compared to the same period last year.

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