• Elevance Health Posts Lower Fourth-Quarter Profit on Investment Losses, Expenses

    12 days ago - By A.M. Best

    Elevance Health Inc. posted lower fourth-quarter net income on investment losses and higher expenses.
    Fourth-quarter shareholders' net income fell 16.5% to $949 million. Total revenue rose 9.2% ...
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  • Boeing loses $663 million in 4Q despite higher revenue

    13 days ago - By Chron

    Boeing said Wednesday it lost $663 million in the fourth quarter as rising production costs and supply-chain problems offset rising revenue.
    It was another disappointing quarter for the aerospace giant, which has yet to recover from fatal crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently.
    The loss amounted to $1.06 per share. Excluding “non-core” items such as adjustments to pension costs, the loss was $1.75 per share. Revenue increased 35% from a year earlier, to $19.98 billion.
    Analysts were expecting the company to earn...
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