Unitedhealth Group Earnings: Here’s Why Investors are Selling the News
Unitedhealth Group, Inc. (NYSE:UNH) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down in reaction.
Unitedhealth Group, Inc. Earnings Cheat Sheet
Results: Net income decreased -1.43% to $1.24 billion ($1.2 per diluted share) in the quarter versus a net gain of $1.26 billion in the year-earlier quarter.
Revenue: Rose 11.01% to $28.77 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Unitedhealth Group, Inc. reported adjusted net income of $1.2 per share. By that measure, the company met the mean analyst estimate of $1.2. It beat the average revenue estimate of $28.24 billion.
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(Company fundamentals provided by Xignite Financials.)