HealthLeaders Media April 17, 2024
The mega-payer reports a $1.41 billion loss in the first quarter, but still surpasses analysts’ expectations.
KEY TAKEAWAYS
– UnitedHealth’s Q1 financials were better than expected, with $99.8 billion in revenues reported for the quarter, nearly $8 billion more year over year, stoked by strong enrollment growth.
– As a result, the company reported adjusted earnings of $6.91 per share exceeded analysts’ estimates of $6.59 a share. Shares were up more than 3% in Wednesday morning trading.
– The cyberattacks dinged UnitedHealth investors for $0.74 per share in Q1, including $0.49 cents to support direct response efforts, and $0.25 in business disruptions.
– UnitedHealth says the full year 2024 effects of the Change breach could surpass $1.6 billion and cost...
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