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Anthem (ANTM) Tops Q4 EPS by 2c

January 31, 2018 6:05 AM

Anthem (NYSE: ANTM) reported Q4 EPS of $1.29, $0.02 better than the analyst estimate of $1.27. Revenue for the quarter came in at $22.4 billion versus the consensus estimate of $22.25 billion.

“We are pleased with our 2017 performance, which is the result of improved execution in all areas of our business and an increased focus on aligning strategic investments and capabilities to more effectively meet the changing needs of the more than forty million consumers we are privileged to serve,” said Gail K. Boudreaux, President and CEO, Anthem. “Moving forward, we will continue to leverage our broad business portfolio and extensive care provider, consumer and analytics capabilities to deliver high quality healthcare solutions as we work to create a healthcare system that is more affordable and simpler to navigate for all Americans.”

The company expects its full year 2018 net income to be greater than $14.28 per share, including approximately $0.72 per share of net negative adjustment items. Full year adjusted net income is expected to be greater than $15.00 per share, representing growth of greater than 24% versus 2017 adjusted net income per share (refer to the GAAP reconciliation table). Anthem\'s 2018 financial outlook includes a net benefit from corporate tax reform of approximately $2.00 per share after adjusting for expected premium reductions and funding incremental investments in technology modernization efforts, consumer-facing digital technologies, and product development capabilities.

For earnings history and earnings-related data on Anthem (ANTM) click here.

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