logo
  

UnitedHealth Group Affirms FY22 Outlook; Q4 Results Top Estimates - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2021 on Wednesday, diversified health care company UnitedHealth Group, Inc. (UNH) affirmed its earnings and revenue outlook for the full-year 2022.

For fiscal 2022, UnitedHealth Group continues to project net earnings in the range of $20.20 to $20.70 per share and adjusted net earnings in the range of $21.10 to $21.60 per share on revenues between $317 billion and $320 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $21.65 per share on revenues of $317.27 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, net earnings attributable to common shareholders almost doubled to $4.07 billion or $4.26 per share from $2.21 billion or $2.30 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $4.48 per share, compared to $2.52 per share in the year-ago quarter.

Revenues for the quarter grew to $73.74 billion from $65.46 billion in the same quarter last year.

The Street was looking for earnings of $4.31 per share on revenues of $72.75 billion for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Federal Communications Commission or FCC has granted SpaceX Services, Inc. authorization to use its Starlink satellite internet system on vehicles in motion. SpaceX, owned by Elon Musk, is allowed to operate consumer and enterprise Ku-band Earth Stations in Motion or ESIM using frequencies allocated to the fixed satellite service. The approval would help the company to expand its services to Loud Muscle Science, LLC is recalling certain Launch Sequence products in the United States and Canada citing the presence of undeclared Tadalafil, the U.S. Food and Drug Administration said. These tainted Launch Sequence Capsule products are marketed as dietary supplements for male sexual enhancement. The U.S. Food and Drug Administration announced the intended availability of around 17 million bottles equivalent of general infant formula to be imported from New Zealand and Ireland. Under the FDA's enforcement discretion to source more infant formula to the U.S., French food company Danone SA will send 555,000 cans Aptamil Gold Plus from New Zealand.
Follow RTT