logo
  

UnitedHealth Group Raises Full Year Earnings Outlook - Quick Facts

While reporting first-quarter results on Thursday, UnitedHealth Group (UNH) increased its full year net earnings outlook to $20.30 to $20.80 per share and adjusted net earnings to $21.20 to $21.70 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $21.60. Analysts' estimates typically exclude special items.

First quarter earnings totaled $5.03 billion, or $5.27 per share compared with $4.86 billion, or $5.08 per share, a year ago. Excluding items, adjusted earnings was $5.24 billion or $5.49 per share for the period. Analysts on average had expected the company to earn $5.38 per share, according to figures compiled by Thomson Reuters.

The company's revenue for the quarter rose 14.2% to $80.15 billion from $70.20 billion last year. Analysts on average had estimated $78.79 billion in revenue.

Shares of UnitedHealth Group were up 1% in pre-market trade on Thursday.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration is looking to set a new framework to further improve and maintain the supply of infant formula to ensure that American consumers have access to safe and nutritious infant formula. Infant formula is an essential food product that is the sole source of nutrition for many babies in the U.S. Amazon has unveiled millions of deals worldwide that will be available during its upcoming Prime Day extravaganza. The 48-hour shopping event for Prime members kicks off July 12 at 3 a.m. EDT, offering deals of up to 79% off across various categories. These include electronics, devices, toys, beauty, fashion, and home, from top national brands and small businesses. Primal Pet Foods is recalling a single lot of Raw Frozen Primal Patties for Dogs Beef Formula due to potential contamination with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves lot #W10068709 of 6-pound Raw Frozen Primal Patties with best by date of 05/22/23. The Raw Frozen Primal Patties are sold in flexible packaging in the freezer at select pet stores.
Follow RTT