UnitedHealth's EPS surges 14.8% to $3.42

Thursday, 18. July 2019 12:03

Insurance giant UnitedHealthcare's parent managed to lift revenue by a stunning 8% year over year to $60.6 billion in the second quarter. The report published on Thursday added earnings landed at $3.42 per share or up 14.8% on an annual scale on a jump in total profit by 12.5% to $3.39 billion. UnitedHealth Group Inc.'s chief executive David Wichmann said both the Optum healthcare services branch and the other division had "strong and balanced performance."

The company based in Minnetonka, Minnesota, raised the full-year outlook for net earnings to between $13.95 and $14.15 per share from $13.8 to $14.05. The guidance for the adjusted measure was lifted to $14.7 to $14.9 from between $14.5 and $14.75 per share. In premarket trade, the stock gained slightly as results surprised to the upside.

The widely watched earnings from operations increased 12.8% from last year to $4.7 billion and net margin advanced 0.2 percentage points to 5.4%, but it fell 0.3 points from the first quarter. Adjusted bottom line came in 14.6% higher at $3.6 per share. Operating costs jumped 7.7% to $55.85 billion.

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