Anthem (NYSE:ANTM) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Anthem announced earnings per share of $6.48 on revenue of $29.45B. Analysts polled by anticipated EPS of $6.46 on revenue of $28.7B. That with comparison to EPS of $6.03 on revenue of $24.39B in the same period a year before. Anthem had reported EPS of $3.88 on revenue of $27.13B in the previous quarter. Analysts are expecting EPS of $6.24 and revenue of $29.28B in the upcoming quarter.
Anthem shares are down 11% from the beginning of the year , still down 14.16% from its 52 week high of $312.48 set on July 12, 2019. They are outperforming the S&P 500 which is down 11.75% year to date.
Anthem follows other major Financial sector earnings this month
Anthem's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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