financetom
Business
financetom
/
Business
/
Update: UnitedHealth Group's Q1 Adjusted Earnings, Revenue Climb -- Shares Rise
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: UnitedHealth Group's Q1 Adjusted Earnings, Revenue Climb -- Shares Rise
Apr 16, 2024 6:24 AM

09:07 AM EDT, 04/16/2024 (MT Newswires) -- (Updates to add the impact of the Change Healthcare cyberattack in the fifth paragraph and the latest stock move in the last paragraph.)

UnitedHealth Group ( UNH ) reported Q1 adjusted earnings Tuesday of $6.91 per share, up from $6.26 a year earlier.

Analysts polled by Capital IQ expected $6.62.

Revenue for the quarter ended March 31 was $99.8 billion, up from $91.93 billion a year earlier. Analysts surveyed by Capital IQ expected $99.28 billion.

The company said it continues to expect full-year 2024 adjusted EPS of $27.50 to $28.00. Analysts polled by Capital IQ are expecting $27.53.

UnitedHealth ( UNH ) said it has already booked $872 million in costs in Q1 due to the Change Healthcare cyberattack and expects the cyberattack to cost $1.35 billion to $1.60 billion in the year ending Dec. 31.

Shares of the company were up 7.7% in recent Tuesday premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Form 8.3
Form 8.3
Mar 16, 2026
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: SAMSON ROCK CAPITAL LLP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Aluminum At Highs As Supply Squeeze Boosts Alcoa Outlook
Aluminum At Highs As Supply Squeeze Boosts Alcoa Outlook
Mar 16, 2026
The global aluminum market is facing a convergence of geopolitical issues and persistent energy constraints. The result is the rally to multi-year highs that prompted analysts and investors to revise their price targets. The latest disruption was not unexpected. Bahrain's Alba has initiated a partial shutdown of its operations amid ongoing shipping disruptions. According to Reuters, the company said it...
Acumen Pharmaceuticals to Raise $35.75 Million via Private Placement
Acumen Pharmaceuticals to Raise $35.75 Million via Private Placement
Mar 16, 2026
07:11 AM EDT, 03/16/2026 (MT Newswires) -- Acumen Pharmaceuticals ( ABOS ) said Monday that it will raise about $35.75 million through a private placement, with each share priced at $3.30. The company said it signed a securities purchase agreement with certain investors led by RA Capital Management, with participation from ADAR1 Capital Management, Sands Capital, and a large investment...
Healthpeak's Janus Living IPO Priced at $18-$20
Healthpeak's Janus Living IPO Priced at $18-$20
Mar 16, 2026
07:13 AM EDT, 03/16/2026 (MT Newswires) -- Healthpeak Properties ( DOC ) and Janus Living (JAN) said Monday that Janus Living has launched its IPO of 37 million Class A-1 shares, priced between $18 and $20 each. The company may grant underwriters a 30-day option to buy 5.55 million additional shares, they said. Healthpeak said it will retain roughly an...
Copyright 2023-2026 - www.financetom.com All Rights Reserved