Anthem Announced Second-Quarter Earnings, Beating Expectations

Published on: 27 Jul, 2017

On Wednesday, Anthem, Inc. (NYSE: ANTM) announced its financial results for the second quarter of 2017, with earnings beating estimates but revenue missing expectations.

The company said that net income for the second quarter increased from $780.6 million, or $2.91 per share, a year ago, to $855.3 million, or $3.16 per share. Adjusted earnings per share was $3.37, beating analysts’ estimates of $3.24 per share. Operating revenue increased from $21.27 billion in the same period last year to $22.2 billion, missing estimates of $22.28 billion.

Anthem expected that earning adjusted for one-time items to be over $11.70 per share this year, which is more than the previous estimates of $11.60 per share. The company also increased its third-quarter dividend by $0.05 per share to $0.70 per share.

“I am pleased with our second quarter 2017 results, carrying forward our operating momentum. Our commitment to improving the quality and affordability of health care for our customers is resonating in the marketplace and benefiting our shareholders,” Joseph Swedish, the president and chief executive officer of Anthem, said in the statement on Wednesday.

“Our solid second quarter financial results reflect solid performance across our various business segments, which is reflected in our updated 2017 outlook,” said John Gallina, the executive vice president and chief financial officer of the company.

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