UnitedHealth(UNH)
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UnitedHealth Reports Processing Issues at Change Healthcare
PYMNTS· 2024-04-18 20:00
Change Healthcare’s troubles are apparently not over.The company, which is owned by UnitedHealth, said Thursday (April 18) it had fixed an issue that had hindered medical claims processing for some customers, per a report by Reuters.According to that report, a fix had been found and was being monitored to make sure it worked. A spokesperson told Reuters that the incident may have affected “a small subset and customers may have already been communicated,” and that the company will provide additional informat ...
UnitedHealth Takes $872 Million Hit From Ransomware Attack
PYMNTS· 2024-04-16 21:01
The recent cyberattack on UnitedHealth Group’s Change Healthcare unit cost the company $872 million.Speaking during an earnings call Tuesday (April 16), CEO Andrew Witty said a bulk of that figure — around $595 million — were direct costs due to “the clearinghouse platform restoration and other response efforts,” such as medical expenses relating to the temporary suspension of certain care management activities.“For the full year… it’s important to note these direct costs are included in net earnings, but a ...
UnitedHealth Group (UNH) Tops on Q1 Earnings, Reaffirms EPS View
Zacks Investment Research· 2024-04-16 18:26
UnitedHealth Group Incorporated (UNH) reported first-quarter 2024 adjusted earnings per share (EPS) of $6.91 per share, which beat the Zacks Consensus Estimate by 4.2%. The bottom line rose 10.4% year over year.Revenues amounted to $99.8 billion, which improved 8.6% year over year in the quarter under review on the back of strong performance in its UnitedHealthcare and Optum business lines. The top line outpaced the consensus mark of $99.2 billion.The strong-quarterly performance was aided by growth in peop ...
UnitedHealth(UNH) - 2024 Q1 - Earnings Call Transcript
2024-04-16 16:40
UnitedHealth Group Incorporated (NYSE:UNH) Q1 2024 Earnings Conference Call April 16, 2024 8:45 AM ET Company Participants Andrew Witty - Chief Executive Officer John Rex - President and Chief Financial Officer Brian Thompson - Chief Executive Officer, UnitedHealthcare Roger Connor - Chief Executive Officer, Optum Insight and Executive Vice President, Enterprise Operations & Services, Optum Dan Kueter - Chief Executive Officer, UnitedHealthcare Employer & Individual Amar Desai - Chief Executive Officer, Opt ...
Why UnitedHealth Group Stock Is Jumping Today
The Motley Fool· 2024-04-16 15:27
Investors are shrugging off the negative impact of a recent cyberattack.Shares of UnitedHealth Group (UNH 5.25%) were jumping 5.7% higher as of 11:17 a.m. ET on Tuesday after rising as much as 7.7% earlier in the day. The solid gain came after the giant healthcare company announced its 2024 first-quarter results before the market opened.What did investors like about UnitedHealth Group's Q1 update?UnitedHealth Group reported Q1 revenue of $99.8 billion, up 8.6% year over year. This result topped the consensu ...
Undervalued UnitedHealth Group Won't Be For Long
MarketBeat· 2024-04-16 14:54
Key PointsWith shares in rebound mode, UnitedHealth Group provided a double boost for the market.The impacts of the cyber attack were less than feared.The underlying business is solid and cash flow is substantial. 5 stocks we like better than UnitedHealth GroupUnitedHealth Group's NYSE: UNH Q1 results were better than expected for two reasons: First, the stock price is now rebounding from long-term lows and deep value territory with ample upside ahead. Second, UnitedHealth analysts see it advancing more tha ...
Here's What Key Metrics Tell Us About UnitedHealth (UNH) Q1 Earnings
Zacks Investment Research· 2024-04-16 14:31
For the quarter ended March 2024, UnitedHealth Group (UNH) reported revenue of $99.8 billion, up 8.6% over the same period last year. EPS came in at $6.91, compared to $6.26 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $99.25 billion, representing a surprise of +0.55%. The company delivered an EPS surprise of +4.22%, with the consensus EPS estimate being $6.63.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...
UnitedHealth Stock Lifts Sector After Earnings
Schaeffers Research· 2024-04-16 14:30
Shares of UnitedHealth Group Inc (NYSE:UNH) are surging today, after the blue-chip healthcare name's first-quarter results beat estimates, despite a cyberattack that is projected to cost the company up to $1.6 billion this year. At last glance, UNH was up 6.3% at $473.75, earlier as high as $479.95 and sending sector peers higher. The stock has yet to completely recover its early-April bear gap, which occurred after the cyber event, though today's pop has helping remove it further from its April 12 two-year ...
UnitedHealth Stock Jumps on Earnings Beat in First Quarterly Report Since Cyberattack
Investopedia· 2024-04-16 13:25
Key TakeawaysUnitedHealth Group shares jumped in pre-market trading Tuesday after the company reported first-quarter results that surpassed analyst estimates.Tuesday's report was the first since the healthcare giant was the victim of a cyberattack earlier this year that disrupted some of its operations.The company said it has provided over $6 billion in advance funding and interest-free loans to support care providers. UnitedHealth Group (UNH) shares jumped over 7% in pre-market trading Tuesday after the co ...
美股三大期指集体走高 联合健康盘前大涨超7% | 今夜看点
财联社· 2024-04-16 13:05
财联社4月16日讯(编辑 夏军雄)周二,美股三大股指期货集体走高,欧洲主要指数全线下跌。 (来源:英为财情) 尽管面临地缘政治风险和美联储降息时间的不确定性,但目前已公布Q1业绩的公司给了华尔街乐观的理由。 FactSet的数据显示,目前不到10%的标普500指数成分股公司公布了财报,其中近五分之四的公司业绩超出了华尔街预期。 纽约人寿投资公司首席市场策略师Lauren Goodwin表示:“我们不会看到美国股市持续低迷,除非企业财报和就业市场出现问题,但现在都还没有出现。” 截至发稿,在一季度营收高于预期的推动下,联合健康盘前大涨超7%。 摩根士丹利盘前涨近4%,该银行Q1营收和利润均超出预期。 公司消息 【摩根士丹利第一季度净营收超过预估】 摩根士丹利第一季度净营收151亿美元,市场预估144.6亿美元;归属公司股东净利润34.12亿美元,上年同期29.8亿美元;每股摊薄收益2.02美元,上年同期1.7美元。管理资产1.51万亿美元,市场预估1.49万亿美元。 【强生一季度销售额213.8亿美元,同比增长2.3%】 4月16日,强生公司公布2024年第一季度业绩,第一季度销售额同比增长2.3%,达到2 ...