11:38 AM EDT, 07/17/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

Elevance Health's ( ELV ) shares were down more than 11% in recent Thursday trading after the company missed Q2 adjusted earnings expectations and lowered its 2025 adjusted EPS forecast.

The company reported Q2 adjusted earnings of $8.84 per diluted share, down from $10.30 a year earlier.

Analysts surveyed by FactSet expected $8.91.

Total revenue for the quarter ended June 30 was $49.78 billion, up from $43.89 billion

Analysts surveyed by FactSet expected $48.19 billion.

For 2025, the health care provider cut its adjusted EPS forecast to $30 from the prior estimate of between $34.15 and $34.85. Analysts polled by FactSet expect $34.14.

Price: 305.26, Change: -39.29, Percent Change: -11.40