UnitedHealth: Q1 Earnings Snapshot
By AP News
Published - Apr 16, 2024, 06:03 AM ET
Last Updated - Apr 16, 2024, 06:03 AM EDT
MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — UnitedHealth Group Inc. (UNH) on Tuesday reported a loss of $1.41 billion in its first quarter.
On a per-share basis, the Minnetonka, Minnesota-based company said it had a loss of $1.53. Earnings, adjusted for one-time gains and costs, came to $6.91 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $6.63 per share.
The largest U.S. health insurer posted revenue of $99.8 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $99.25 billion.
