Elevance Health Earnings, Revenue Miss in Q2
2022.07.20 13:30
Elevance Health Earnings, Revenue Miss in Q2
Investing.com – Elevance Health reported on Wednesday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Elevance Health announced earnings per share of $0.3 on revenue of $430M. Analysts polled by Investing.com anticipated EPS of $7.74 on revenue of $37.92B.
Elevance Health shares are up 7% from the beginning of the year, still down 6.79% from its 52 week high of $533.68 set on April 21. They are outperforming the S&P 500 which is down 17.4% from the start of the year.
Elevance Health follows other major Healthcare sector earnings this month
Elevance Health’s report follows an earnings beat by UnitedHealth on Friday, who reported EPS of $5.57 on revenue of $80.33B, compared to forecasts EPS of $5.21 on revenue of $79.68B.
J&J had beat expectations on Tuesday with second quarter EPS of $2.59 on revenue of $24.02B, compared to forecast for EPS of $2.55 on revenue of $23.8B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
