UnitedHealth Group Inc. (UNH) announced its second-quarter earnings, which, although lower compared to the same period last year, surpassed Wall Street expectations.
The company reported a net income of $4.22 billion, or $4.54 per share, a decline from $5.47 billion, or $5.82 per share, in the second quarter of the previous year.
On an adjusted basis, UnitedHealth Group posted earnings of $6.31 billion, or $6.80 per share, for the quarter. This figure exceeded the average analyst estimate of $6.66 per share, as surveyed by Thomson Reuters. Typically, analysts' projections exclude special items.
UnitedHealth's revenue for the quarter experienced a 6.4% increase, reaching $98.86 billion, up from $92.90 billion in the prior year's corresponding period.
A summary of UnitedHealth Group Inc.'s earnings (GAAP) is as follows:
- Earnings (Q2): $4.22 billion, down from $5.47 billion last year.
- EPS (Q2): $4.54, down from $5.82 last year.
- Revenue (Q2): $98.86 billion, up from $92.90 billion last year.
Guidance:
- Full-year EPS guidance: $27.50 to $28.00.
