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 story : : UnitedHealth stock resumes rally, paces the Dow’s gainers, after earnings beat expectations #FinanceUSA #StockMarketNEWS Shares of UnitedHealth Group Inc. UNH climbed 2.3% in morning trading Friday,

@stockMarketNEWS 13 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

: UnitedHealth stock resumes rally, paces the Dow’s gainers, after earnings beat expectations #FinanceUSA #StockMarketNEWS
Shares of UnitedHealth Group Inc. UNH climbed 2.3% in morning trading Friday, following a seesaw premarket session, after the health insurer reported fourth-quarter profit and revenue that rose expectations, while affirming its 2023 outlook. The stock was the best performer among the Dow Jones Industrial Average’s UNH components. Net income rose to $$.76 billion, or .03 a share, from .07 billion, or .26 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share increased to .34 from $.48, to beat the FactSet consensus of .17. Revenue grew 12.3% to .79 billion, above the FactSet consensus of .48 billion, while revenue from premiums increased 12.4% to .70 billion, just above expectations of .67 billion. The company affirmed its guidance ranges provided in late-November for 2023 adjusted EPS of .40 to .90, which compares with the FactSet consensus of .94, and revenue of 7 billion to 0 billion, which surrounds expectations of 6.8 billion. The stock has slipped 0.5% over the past three months, while the SPDR Health Care Select Sector ETF XLV has rallied 8.7% and the Dow has climbed 13.9%.


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