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Anthem tops Street 2Q forecasts

INDIANAPOLIS (AP) — Anthem Inc. (ANTM) on Wednesday reported second-quarter net income of $780.6 million.

The Indianapolis-based company said it had profit of $2.91 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $3.33 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.24 per share.

The health insurer posted revenue of $21.27 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $20.42 billion.

Anthem shares have decreased slightly more than 1 percent since the beginning of the year. The stock has declined 9 percent in the last 12 months.