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UnitedHealth Group Inc (NYSE: UNH) posted better-than-expected revenue and profit in the quarter and raised full-year earnings outlook.
Revenue for the first quarter of 2022 rose more than 14% to $80.15 billion, compared to $78.73 million, according to FactSet.
Net income attributable to shareholders for the quarter was $5.03 billion, or $5.27 a share, compared to $4.86 billion, or $5.08 a share, a year ago.
As the Omicron surge fades in the country, the company raised its full-year earnings outlook. Hospitalizations due to Covid-19 have dropped sharply since January.
The healthcare and health-insurance firm expects full-year earnings between $20.30 a share and $20.80 a share, an increase from its previously issued guidance of $20.20 a share to $20.70 a share.
Adjusted earnings is expected to be between $21.20 a share and $21.70 a share for the year, up from $21.10 a share to $21.60 a share.
Picture Credits: Reuters