• Mon. Feb 26th, 2024

UnitedHealth stock gains after profit beat and raised outlook, as revenue tops $80 billion


Jul 16, 2022 , , ,
Boeing stock jumps nearly 8% after maker's commercial-jet deliveries rise more than 50% in Q2

Shares of UnitedHealth Group Inc. climbed 1.0% in premarket trading Friday, after the health care services and benefits company reported second-quarter earnings that were comfortably above expectations citing “balanced” growth across its businesses, and raised its full-year profit outlook. Net income rose to $5.07 billion, or $5.34 a share, from $4.27 billion, or $4.46 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $5.57 beat the FactSet consensus of $5.21. Revenue grew 12.6% to $80.33 billion, above the FactSet consensus of $79.68 billion, as premiums revenue increased…

Image and article originally from www.marketwatch.com. Read the original article here.