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Oct. 15, 2019, 6:31 a.m. EDT

UnitedHealth's stock jumps after earnings rise above expectations, and guidance raised

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By Tomi Kilgore

Shares of UnitedHealth Group Inc. /zigman2/quotes/210453738/composite UNH +0.02% shot up 2.7% in premarket trading Tuesday, after the health care services company reported third-quarter profit and revenue that rose above expectations and raised its full-year outlook. Net income grew to $3.54 billion, or $3.67 a share, from $3.19 billion, or $3.24 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share grew to $3.88 from $3.41, above the FactSet consensus of $3.75. Total revenue increased 6.7% to $60.35 billion, topping the FactSet consensus of $59.78 billion, as premiums revenue rose 6.2% to $47.40 billion to beat expectations of $47.05 billion. The company raised its 2019 EPS guidance range to $14.90 to $15.00 from $14.70 to $14.90. The stock has tumbled 17.1% over the past three months through Monday while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.44% has slipped 2.1%.

Read the full story:
Goldman loses its Wall Street luster as earnings disappoint, UnitedHealth’s stock soars toward record price gain

/zigman2/quotes/210453738/composite
US : U.S.: NYSE
$ 291.23
+0.07 +0.02%
Volume: 2.39M
July 10, 2020 4:00p
P/E Ratio
20.39
Dividend Yield
1.72%
Market Cap
$276.20 billion
Rev. per Employee
$754,157
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,075.30
+369.21 +1.44%
Volume: 337.36M
July 10, 2020 5:09p
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