Elevance Stock Slides Despite Earnings Beat as Medicaid Membership Declines

The Indianapolis company posted adjusted earnings per share (EPS) of $10.12 on operating revenue of$43.2 billion, topping analysts' consensus estimates compiled by Visible Alpha of $10 per share on revenue of$42.9 billion. Key Takeaways Elevance Health posted adjusted earnings per share (EPS) of $10.12 on revenue of$43.2 billion, beating analysts' expectations. Operating revenue fell year-over-year due to "attrition in Medicaid membership." The company reiterated its full-year adjusted EPS guidance of at ...