UnitedHealth Group (UNH) Releases Its Q3 Analyst Beating Earnings Report

By John Heerdink LinkedIn

UnitedHealth Group Incorporated (UNH) declared its Q3 earnings report ending Sep 30th, on Tuesday exceeding analysts’ expectations and raising its 2019 earnings forecast to 14.90 to $15 per share, in comparison to an earlier forecast of between $14.70 and $14.90, as per reports.

UNH’s revenues saw an increase of 4.7% to $48.11 billion with a jump in revenue for the pharmacy business to $28.76 billion. Net earnings payable to shareholders rose to $3.54 billion, or $3.67 per share from $3.19 billion, or $3.24 per share, a year earlier. Total revenue of $60.35 billion was reported up by 6.7% beating analyst estimates of $59.79 billion. Shares of the health insurer soared 8.2% to 238.59 in Tuesday’s stock market trading.

Dow 30 component UnitedHealth Group Incorporated (UNH) operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services. To learn more about (UNH) please visit the Vista Partners Company Dedicated UNH Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: UnitedHealth beats quarterly profit, raises earnings forecast in Reuters)


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