Text dimension
UnitedHealth raised its full-calendar year earnings outlook.
Photograph by Michael Nagle/Bloomberg
UnitedHealth defeat expectations for very first-quarter earnings and revenue and elevated its full-12 months outlook.
UnitedHealth
(ticker: UNH) reported initially-quarter earnings of $6.26 a share, up from $5.49 in the similar period of time the prior yr. The healthcare and insurance plan company’s quarterly revenue rose 15% to $91.9 billion.
Analysts had anticipated quarterly adjusted earnings of $6.16 a share on profits of $89.7 billion, according to a FactSet poll of analysts’ estimates.
“In the very first quarter of 2023, UnitedHealthcare grew to serve nearly 2 million far more folks than a year back, with broad-based development across the company’s business, neighborhood-primarily based and senior profit choices,” the organization explained in a statement Friday
Shares have been up 1.3% in premarket investing.
UnitedHealth raised its full-calendar year web earnings outlook to $23.25 to $23.75 a share and modified earnings outlool to $24.50 to $25 a share.The corporation previously reported it envisioned modified earnings for 2023 in the assortment of $24.40 to $24.90 a share.
Publish to Adam Clark at adam.clark@barrons.com
