UnitedHealth Group (UNH) Tops Q2 EPS by 12c, Revenues Beat; Boosts FY EPS Outlook
UnitedHealth Group (NYSE: UNH) reported Q2 EPS of $3.14, $0.12 better than the analyst estimate of $3.02. Revenue for the quarter came in at $56.1 billion versus the consensus estimate of $56.08 billion.
- Second Quarter Revenues of $56.1 Billion Grew 12% Year-Over-Year
- Earnings from Operations Increased 13% to $4.2 Billion in Second Quarter
- Cash Flows from Operations were $4 Billion in the Quarter, 1.3x Net Earnings
- Second Quarter Net Earnings of $2.98 Per Share Grew 28% Year-Over-Year
- Second Quarter Adjusted Net Earnings of $3.14 Per Share Grew 28% Year-Over-Year
“Today, UnitedHealth Group delivers increasing value to more people, driven by strong execution, consistently high quality, deep relationships and our distinctive combination of clinical, technology and information capabilities. As we look ahead, we will drive our growth on the strength of practical innovations that anticipate and respond to increasing consumer expectations and clear social needs,” said David S. Wichmann, chief executive officer of UnitedHealth Group.
GUIDANCE:
UnitedHealth Group sees FY2018 EPS of $12.50-$12.75, versus the consensus of $12.62.
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