· 1d · on MSN
UnitedHealth CEO Defends Company As Stock Sinks on Earnings
UnitedHealth 4Q Revenue Rises, But Falls Short of Expectations
The top line of UnitedHealthcare, the company's insurance and managed care business, rose 6.1% to $74.1 billion. Analysts had been looking for $75.22 billion. Revenue from Optum, its health-care-services business, jumped 9.4% to $65.1 billion, below estimates for $65.71 billion.
· 1d
UnitedHealth’s Revenues Rise, in First Earnings Report Since C.E.O.’s Killing
In its first results since its insurance unit CEO was fatally shot in New York City, UnitedHealth Group reported Thursday weaker-than-expected fourth-quarter revenue, prompting its shares to fall in early morning trading despite quarterly profit beating projections.
UnitedHealth Group reported bottom-line earnings that surpassed estimates despite regulatory challenges impacting revenue.
UnitedHealth Group Inc. on Thursday posted higher earnings for the fourth quarter of 2024, but revenue fell short of Wall Street targets.
UnitedHealth posted a better-than-expected fourth-quarter profit, but a nagging rise in medical costs and care utilization surprised Wall Street.
This was the stock's second consecutive day of gains.
The stock's fall snapped a four-day winning streak.
UnitedHealth posted a better-than-expected profit in the final quarter of 2024, but revenue fell short as challenges like Medicare funding cuts and a Medicaid enrollment drop hurt. Shares of the health care giant slid early Thursday after it released its first financial report since the brazen shooting of one of its executives outside a New York City hotel touched a national nerve and brought to the surface American frustration over health care access.
The company is at a pivotal point following the killing of Brian Thompson, who headed the UnitedHealthcare unit, and there was a public outcry about insurance denials. That prompted Andrew Witty, the chief executive of all of UnitedHealth, to write of a need "to improve how we explain what insurance covers and how decisions are made."
UnitedHealth shares have been pressured recently, falling about 10% since Dec. 4, when Thompson was killed. That outpaces the 3% drop in the S&P 500 index over that span and signals some investor jitters about the future of the business.
B, consensus $445.64B. The company said, “UnitedHealth Group affirmed the 2025 performance outlook established in December 2024, including reve
JPMorgan posts record profits, Lululemon raises guidance, Cogeco kickstarts three-year plan, and UnitedHealth beats expectations.
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