Elevance Health Stock Rises After Earnings Top Expectations, Guidance Boosted

Key TakeawaysElevance Health exceeded earnings and revenue estimates for the first quarter and raised its outlook as it reported lower costs.The health insurer said it lowered its benefit expense ratio by 20 basis points and increased its total operating margin to 7.1%.Elevance shares were up nearly 4% in late trading Thursday, at their highest level since late 2022. Shares of Elevance Health (ELV) rose to their highest level since late 2022 on Thursday as the health insurance provider posted better-than-ex ...