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Elevance Tumbles On Forecast Cut, 3rd-Quarter Earnings Miss
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 earnings. The company reported adjusted earnings of $8.37 a share, missing analysts’ consensus forecast of $9.
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.
Elevance makes late cut to 2024 forecast
Elevance Health surprised Wall Street with a rare, late-year guidance cut Thursday after a jump in Medicaid costs marred its third quarter. Shares of the Blue Cross-Blue Shield insurer tumbled
1h
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 ...
10h
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, ...
Modern Healthcare
8h
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 ...
13h
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 ...
MarketWatch
3h
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 ...
3h
on MSN
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 ...
6h
on MSN
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 ...
6h
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 ...
4h
on MSN
These Stocks Are Moving the Most Today: TSMC, Nvidia, Travelers, Elevance, Lucid, Blackstone, Expedia, Netflix, and More
Taiwan Semiconductor reports a third-quarter earnings surge of 54%, Nvidia stock is on track for a record close, Travelers ...
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