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Stock Alert: UnitedHealth Shares Reach New 52-Week High

Shares of UnitedHealth Group Inc. (UNH) reached an all-time high of $389.34 Thursday morning, and are currently trading at $388.18, up $12.55 or 3.34%, with trading volume of over 550K versus an average volume of 3.36 million shares.

The company, today, announced that it has increased its full year net earnings outlook to $17.15 - $17.65 per share and adjusted earnings to $18.10 - $18.60 per share. The company noted that its outlook continues to include about $1.80 per share in potential net unfavorable impact to accommodate continuing COVID-19 effects.

First quarter earnings from operations grew 34.9% year-over-year to $6.7 billion. Earnings per share was $5.08 compared to $3.52. Adjusted earnings per share increased to $5.31 from $3.72 last year. On average, 20 analysts polled by Thomson Reuters expected the company to report earnings per share of $4.38, for the quarter. Analysts' estimates typically exclude certain special items.

First quarter revenues were $70.2 billion, up 9.0% year-over-year, reflecting broad-based growth across Optum and UnitedHealthcare. Analysts expected revenue of $69.22 billion, for the quarter.

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