UnitedHealth Group, Inc. (UNH) reported a significant increase in its third-quarter profit, surpassing Wall Street expectations. The company posted earnings of $6.055 billion, or $6.51 per share, compared to $5.841 billion, or $6.24 per share, during the same period last year.
When excluding certain items, UnitedHealth Group's adjusted earnings reached $6.651 billion, equating to $7.15 per share. This performance exceeded the average analysts' forecast of $7.00 per share, based on data collected by Thomson Reuters—analysts' predictions typically do not account for special items.
The company's quarterly revenue grew by 9.2%, rising to $100.820 billion from $92.361 billion a year ago.
A summary of UnitedHealth Group's third-quarter performance, based on Generally Accepted Accounting Principles (GAAP), is as follows:
- Earnings: $6.055 billion, compared to $5.841 billion the previous year.
- Earnings Per Share (EPS): $6.51, up from $6.24 last year.
- Revenue: $100.820 billion, an increase from $92.361 billion in the previous year.
Looking ahead, UnitedHealth Group provides full-year EPS guidance in the range of $27.50 to $27.75.
