10:13 AM EDT, 10/15/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

UnitedHealth ( UNH ) shares slumped 9.1% in recent Tuesday trading after the company released Q3 results and narrowed its 2024 adjusted net earnings guidance.

Adjusted earnings in the quarter ended Sept. 30 rose to $7.15 per diluted share from $6.56 a year earlier, the company said Tuesday. Analysts polled by Capital IQ expected $7.03.

Revenue increased to $100.82 billion from $92.36 billion a year earlier. Analysts surveyed by Capital IQ expected $99.28 billion.

The company narrowed its full-year 2024 adjusted net earnings outlook to $27.50 to $27.75 a share from $27.50 to $28. Analysts polled by Capital IQ expect $27.69.

Price: 550.53, Change: -54.87, Percent Change: -9.06