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Jan. 19, 2022, 6:11 a.m. EST

UnitedHealth stock gains after profit, revenue rise above expectations

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By Tomi Kilgore

Shares of UnitedHealth Group Inc. /zigman2/quotes/210453738/composite UNH +0.68% rose 0.3% in premarket trading Wednesday, after the health insurer reported fourth-quarter profit and revenue that rose above expectations and affirmed its full-year outlook. Net income increased to $4.07 billion, or $4.26 a share, from $2.21 billion, or $2.30 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to $4.48, above the FactSet consensus of $4.30. Revenue grew 12.6% to $73.74 billion, topping the FactSet consensus of $72.98 billion, as premiums increased 13.8% to $57.55 billion. Operating costs rose 10.1% to $68.20 billion, with medical costs growing 14.4% to $48.16 billion. The company affirmed its 2022 guidance ranges for adjusted earnings per share of $21.10 to $21.60 and for revenue of $317 billion to $320 billion, which compares with the FactSet consensus for EPS of $21.63 and revenue of $316.8 billion. The stock has gained 8.6% over the past three months through Tuesday, while the SPDR Health Care Select Sector ETF /zigman2/quotes/205918244/composite XLV +1.37% has tacked on 2.7% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.34% has slipped 0.3%.

/zigman2/quotes/210453738/composite
US : U.S.: NYSE
$ 492.53
+3.31 +0.68%
Volume: 2.29M
May 17, 2022 4:00p
P/E Ratio
26.95
Dividend Yield
1.18%
Market Cap
$458.97 billion
Rev. per Employee
$850,143
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/zigman2/quotes/205918244/composite
US : U.S.: NYSE Arca
$ 131.33
+1.78 +1.37%
Volume: 9.06M
May 17, 2022 4:00p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
32,654.59
+431.17 +1.34%
Volume: 389.31M
May 17, 2022 4:54p
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