Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges
Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell ...
Elevance Health Stock Plunges on Profit Hit From Fall in Medicaid Memberships
Elevance Health shares plunged Thursday after the insurer reported lower-than-expected earnings and cut its outlook as ...
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 ...
Elevance Shares Dive After Insurer Faces ‘Unprecedented’ Medicaid Challenge
It was the latest sign of how medical expenses are squeezing insurers’ earnings, a result likely to punish shares across the ...
S&P 500 Gains and Losses Today: Health Insurers Slide as Elevance Cites Medicaid Declines
The S&P 500 was essentially flat on Thursday, Oct. 17, 2024, closing less than 0.1% lower despite strong retail sales data ...
Elevance Health Inc. (NYSE:ELV) Q3 2024 Earnings Call Transcript
Q3 2024 Earnings Call Transcript October 17, 2024 Elevance Health Inc. misses on earnings expectations. Reported EPS is $8.37 ...
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Medicaid drags Elevance Health as it misses on profit in Q3
Elevance Health fell short of Wall Street analysts' predictions, posting $1 billion in profit amid rising medical costs. | ...
Elevance Health Stock Sinks as Medicaid Woes Hit Earnings
Elevance Health stock is plunging Thursday after the insurer missed Q3 earnings expectations and lowered its full-year ...
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Ballooning Medicaid costs challenge health insurer Elevance
On Thursday, Elevance Health disclosed in its third quarter earnings release that its medical loss ratio — the amount of ...
Elevance Health 3Q Revenue Beats Estimates Amid Medicaid-Related Challenges
The health company logged net income of $1.01 billion, or $4.36 a share, for the third quarter ended Sept. 30, declining from $1.3 billion, or $5.45 a share, a year earlier. Adjusted earnings were ...
Elevance Warns on Medicaid Challenges, Hammering Health-Insurance Stocks
Elevance Health's quarterly earnings fell below expectations, the latest sign of how medical expenses are squeezing the industry. Insurance stocks sold off in morning trading. Dig deeper: ...