Widget Image
Follow PPD Social Media
Wednesday, April 17, 2024
HomeNewsEconomyUnitedHealth Group Inc (NYSE:UNH) Posts 4Q Earnings Beating Forecast

UnitedHealth Group Inc (NYSE:UNH) Posts 4Q Earnings Beating Forecast


UnitedHealth Group Inc. headquarters based in Minnetonka, Minnesota. (Photo: Associated/PressAP)

UnitedHealth Group Inc (NYSE:UNH) reported an adjusted fourth-quarter (4Q) profit of $2.11 per share, beating the estimate for $2.07. The reported revenue of $47.52 billion also topped the estimate for $47.26 billion. The average estimates were of 10 analysts surveyed by Zacks Investment Research.

“We are privileged today to serve more people in more ways than ever before, and we know further growth in 2017 and beyond rests on continuing to drive ever higher quality and increasing value to consumers, care providers and customers across our spectrum of businesses,” said Stephen J. Hemsley, Chief Executive Officer (CEO) of UnitedHealth Group.

In the report, they also affirmed its 2017 financial outlook, including estimated revenues of $197 billion to $199 billion, net earnings of $8.75 to $9.05 per share, adjusted net earnings of $9.30 to $9.60 per share, and cash flows from operations of $11.5 billion to $12 billion.

Written by

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial