RTTNews | Oct 20, 2021 01:01PM EDT

13:01 Wednesday, October 20, 2021 (RTTNews.com) - Indiana-based healthcare company, Anthem, Inc. (ANTM), saw its shares jump 7% in the Wednesday market after the company reported an impressive third-quarter results, that trumped Street view. The company also increased its outlook for the full year. Anthem reported net income of $1.50 billion or $6.13 earnings per share, compared to $222 million or $0.87 earnings per share last year. Excluding special items, the net income was $1.67 billion or $6.79 earnings per share, up from $1.06 billion or $4,20 earnings per share. On average, 22 analysts polled by Thomson Reuters expected earnings to be $6.37 per share. The revenue was $35.82 billion, up 15% from $31.15 billion year-over-year. This was powered by a 30% rise in product revenue to $3.35 billion from $2.59 billion. The company has raised its outlook for the full year. The company forecast for the earnings is updated to greater than $24.70. On an adjusted basis, the outlook is $25.85 per share. Street analysts forecast a $28.54 per share earnings for the full year. The shares are currently trading at $422.22, up $28.47 or 7.23% from their previous close at $393.75. The stock opened at $400.00 in the morning. In the 52-week period, the shares have ranged between $269.01 and $422.85 per share.

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