UPDATE 4-UnitedHealth profit beats expectations, shares rise [Reuters]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: Reuters
UnitedHealth profit beats expectations, shares rise (Reuters) - UnitedHealth Group Inc ( UNH.N UnitedHealth maintained its previous profit forecast for 2019 adjusted earnings of $14.40 to $14.70 per share, and said higher than expected medical costs in the fourth quarter were limited to states for which it manages their Medicaid benefits, the government program for low income Americans. “I don’t want to overplay Medicaid here. We have a short-term issue that will take us a little bit of time to work our way out of,” Chief Executive David Wichmann told analysts on a conference call to discuss the results. That eased Wall Street worries that medical services utilization might be on the rise broadly for insurers, and helped push UnitedHealth and rival insurer shares higher, Evercore ISI analyst Michael Newshel said. The company is the first to report earnings for the sector. UnitedHealth shares rose 2.8 percent, or $6.91, to $254.97. Anthem Inc ( ANTM.N CI.N “Usually United reporting has
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- 4/16/24 - Beat
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Sec Filings
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- 4/24/24 - Form 8-K/A
- UNH's page on the SEC website