UnitedHealth Group has reported quarterly profits of $5.5 billion after tax in its first earnings release since the killing of UnitedHealthcare CEO Brian Thompson in New York City, which sparked a wider debate about the cost of health insurance and medication for the American public.
UnitedHealth expects full-year earnings in the range of $29.50 to $30 per share, with revenue in the range of $450 billion to $455 billion. This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNH at https://www.zacks.com/ap/UNH
Christopher Snowbeck at the Star Tribune is reporting UnitedHealth Group will appeal an order to pay $165 million in penalties and restitution after a judge found a business acquired by the Eden Prairie-based insurer more than five years ago used deceptive practices to sell benefits that supplement traditional health insurance in Massachusetts.
UnitedHealth Group Inc. on Thursday posted higher earnings for the fourth quarter of 2024, but revenue fell short of Wall Street targets.
(Reuters) - UnitedHealth Group reported a fourth-quarter profit on Thursday that beat analysts' estimates.
UnitedHealth earned $5.5 billion in the quarter, as adjusted results totaled $6.81 per share. The company's revenue climbed about 7% to $100.8 billion. Analysts expected earnings of $6.73 per share in the fourth quarter on $101.6 billion in revenue, according to the data firm FactSet.
Analysts expect the Minnetonka, Minnesota-based company to report quarterly earnings at $6.75 per share, up from $6.16 per share in the year-ago period. UnitedHealth projects to report revenue of $101.72 billion for the recent quarter, compared to $94.43 billion a year earlier, according to data from Benzinga Pro.
UnitedHealth Group (UNH) stock ends a turbulent year with a quarterly revenue miss amid regulatory challenges and public scrutiny. Read more here.
Andrew Witty, UnitedHealth CEO, said the move will remove an excuse other players use to blame Optum Rx for high drug costs.
UnitedHealth Group and its insurance arm, UnitedHealthcare, are appealing a judge's order to pay $165 million in penalties and restitution over how a subsidiary secretly bundled supplemental health plans with traditional coverage in Massachusetts.
JPMorgan posts record profits, Lululemon raises guidance, Cogeco kickstarts three-year plan, and UnitedHealth beats expectations.