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Stock impact report

UPDATE 2-Anthem beats earnings estimates, raises 2019 profit forecast [Reuters (UK)]

Anthem, Inc. (ANTM) 
Last anthem, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.antheminc.com
Company Research Source: Reuters
Anthem beats earnings estimates, raises 2019 profit forecast - Reuters 3 Min Read (Reuters) - Anthem Inc’s first-quarter profit beat Wall Street estimates on Wednesday as it reined in expenses, and the U.S. health insurer raised its earnings forecast for the year. Shares of the Indiana-based company rose 2.7 percent to $257.39 before the opening bell. Last year, the health insurance sector experienced its biggest shake up in years, as rivals Aetna and Cigna Corp closed deals with the biggest U.S. pharmacy benefits managers. Anthem, which operates Blue Cross Blue Shield plans in 14 states, also overhauled its pharmacy benefits business after years of relying on Express Scripts to handle those operations. Its new company, IngenioRx, is expected to be launched during the second quarter with the help of CVS Health Corp. For 2019, Anthem said it expects adjusted earnings to be above $19.20 per share, higher than its prior estimate of more than $19.00. Members in the company’s health plans Show less Read more
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