Unitedhealth Group Earnings: Here’s Why Investors are Happy Now
Unitedhealth Group, Inc. (NYSE:UNH) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 2.7%.
Unitedhealth Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.24% to $1.40 in the quarter versus EPS of $1.27 in the year-earlier quarter.
Revenue: Rose 11.53% to $30.41 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Unitedhealth Group, Inc. reported adjusted EPS income of $1.40 per share. By that measure, the company beat the mean analyst estimate of $1.25. It missed the average revenue estimate of $30.5 billion.
Quoting Management: “First half 2013 results reflect well-diversified growth and steadily strengthening performance across both our health benefits and health services businesses,” said Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group.
Key Stats (on next page)…