Plus   Neg

Anthem Guides FY20 Adj. EPS In Line With Estimates - Quick Facts

While reporting financial results for the second quarter on Wednesday, health benefits company Anthem Inc. (ANTM) initiated adjusted earnings for the full-year 2019.

For fiscal 2020, the company now projects earnings to be greater than $20.91 per share, including about $1.39 per share of net unfavorable items. Excluding these items, adjusted net income is now expected to be greater than $22.30 per share.

On average, analysts polled by Thomson Reuters expect earnings of $22.33 per share for the year. Analysts' estimates typically exclude special items.

The Company said it is not providing other financial guidance metrics for 2020 until visibility improves, due to unprecedented uncertainty around the COVID-19 pandemic and its impact.

On Tuesday, the Audit Committee declared a third quarter 2020 dividend to shareholders of $0.95 per share, payable on September 25, 2020 to shareholders of record at the close of business on September 10, 2020.

After careful consideration of the Company's financial position in conjunction with the prevailing market conditions, the share repurchase activity resumed in late-June.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration (FDA) has gone ahead with the approval of antiviral drug remdesivir as first treatment for COVID-19, notwithstanding last week's findings by the World Health Organization (WHO) that the drug is not effective for COVID-19 treatment. Thursday, Gilead Sciences announced that the FDA approved remdesivir, sold under the brand name Veklury. Integrated payments firm American Express Co. (AXP) reported Friday that net income for the third quarter declined to $1.1 billion or $1.30 per share from $1.8 billion or $2.08 per share in the prior-year quarter. Consolidated total revenues, net of interest expense, also decreased 20 percent to $8.8... The Federal Trade Commission or FTC has launched a new fraud reporting platform, using which, consumers can easily report fraud and all other consumer issues directly to the regulator. In a statement, the FTC said its new website, ReportFraud.ftc.gov, will provide a streamlined and user-friendly way to submit reports about scams, frauds, and bad business practices.
Follow RTT