Anthem (ANTM) Tops Q3 EPS by 11c, Revenues Beat; Offers FY18 EPS Outlook Above Consensus, Affirms FY18 Revenue Ooutlook
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Anthem Reports Third Quarter 2018 Results Reflecting Strengthening Operating Performance
October 31, 2018 6:00 AM EDTThird quarter net income was $960 million, growth of 29% over the prior year quarter. Adjusted net income of $3.81 per share grew by 44% year over year. Medical enrollment increased by 5 thousand members sequentially, totaling approximately 39.5 million members as of September 30, 2018. Benefit Expense Ratio was 84.8% driven by solid medical cost performance. Full year 2018 GAAP net income is now expected to be greater than $14.46 per share. Full year 2018 adjusted net income is now expected to be greater than $15.60 per share. Fourth quarter 2018 dividend of $0.75... More
