Categories Earnings, Health Care

UnitedHealth Group’s stock gains after Q1 results beat estimates

UnitedHealth Group (NYSE:UNH) beat market estimates on both revenue and earnings for the first quarter of 2019, allowing the stock to gain by 2.8% in premarket hours on Tuesday.

Total revenues grew 9.3% year-over-year to $60.3 billion, driven by UnitedHealthcare Medicare & Retirement, OptumRx and OptumHealth.

UnitedHealth Group reports first quarter 2019 earnings

Net earnings attributable to UnitedHealth Group common shareholders rose to $3.4 billion, or $3.56 per share, from $2.8 billion, or $2.87 per share, in the year-ago period. Adjusted EPS grew 22.7% to $3.73.

Premiums totaled $47.5 billion in the quarter, up from $44 billion in the same period last year. The consolidated medical care ratio was 82%, reflecting an increase of 60 basis points year-over-year, mainly driven by the revenue effect from the deferral of the health insurance tax. Days claims payable was 49 days.

Also see: UnitedHealth Group Q1 2019 Earnings Conference Call Transcript

In the UnitedHealthcare segment, revenues grew 7.6% year-over-year to $48.9 billion, helped by revenue increases in all its divisions. Optum revenues increased 11.7% year-over-year to $26.4 billion, driven by growth across all units.

OptumHealth revenues grew 16.6% year-over-year, driven by momentum in care delivery, behavioural health, and health financial services. OptumRx revenues grew 10.6% year-over-year, reflecting increased script volumes and a higher mix of specialty drugs.

The company raised its earnings outlook for full-year 2019 and now expects GAAP EPS of $13.80 to $14.05 and adjusted EPS of $14.50 to $14.75.

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

FDX Earnings: FedEx Q1 adjusted earnings drop; revenue up 5%

Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted

Key highlights from Darden Restaurants (DRI) Q1 2023 earnings results

Darden Restaurants, Inc. (NYSE:DRI) reported first quarter 2023 earnings results. Total sales increased 6.1% year-over-year to $2.4 billion, driven by blended same-restaurant sales growth of 4.2%. Net earnings amounted to

ACN Earnings: Key quarterly highlights from Accenture’s Q4 2022 financial results

Accenture (NYSE: ACN) reported fourth quarter 2022 earnings results today. Total revenues were $15.4 billion, up 15% year-over-year in US dollars and up 22.4% in local currency. Net income attributable

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top