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Elevance Health cuts FY24 adjusted EPS view to ~$33.00 from ‘at least’ $37.20

Elevance Health cuts FY24 adjusted EPS view to ~$33.00 from ‘at least’ $37.20

FY24 consensus $37.26. Given third quarter results and the timing mismatch between Medicaid rates and acuity, Elevance Health now expects 2024 GAAP net income per diluted share to be approximately $26.50 and adjusted net income per diluted share to be approximately $33.00.

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