16.07.2024 12:00:34 - dpa-AFX: Unitedhealth Group, Inc. Q2 Profit Decreases, But Beats Estimates
MINNETONKA (dpa-AFX) - Unitedhealth Group, Inc. (UNH) released earnings for
second quarter that decreased from the same period last year but beat the
Street estimates.
The company's bottom line totaled $4.22 billion, or $4.54 per share. This
compares with $5.47 billion, or $5.82 per share, in last year's second quarter.
Excluding items, Unitedhealth Group, Inc. reported adjusted earnings of $6.31
billion or $6.80 per share for the period.
Analysts on average had expected the company to earn $6.66 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 6.4% to $98.86 billion from $92.90
billion last year.
Unitedhealth Group, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $4.22 Bln. vs. $5.47 Bln. last year.
-EPS (Q2): $4.54 vs. $5.82 last year.
-Revenue (Q2): $98.86 Bln vs. $92.90 Bln last year.
-Guidance:
Full year EPS guidance: $27.50 to $28.00
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