UnitedHealth Group (UNH) Tops Q3 EPS by 42c, Revenues Beat; Provides Updated FY20 EPS Outlook
UnitedHealth Group (NYSE: UNH) reported Q3 EPS of $3.51, $0.42 better than the analyst estimate of $3.09. Revenue for the quarter came in at $65.1 billion versus the consensus estimate of $63.96 billion.
- Revenues of $65.1 Billion Grew 8%, led by 21% Growth at Optum
- Net Earnings of $3.30 Per Share and Adjusted Earnings of $3.51 Per Share
- Results Reflect Extensive Consumer, Customer, Care Provider and Community Assistance Initiatives and Other COVID-19 Related Impacts
- Underlying Business Performance Remains Strong
“The people of UnitedHealth Group continue to deliver more innovative and modern solutions for customers, physicians and consumers, while responding to the needs of the people and communities affected by the pandemic,” said David S. Wichmann, chief executive officer of UnitedHealth Group. “We’re encouraged to see those we serve respond to the incentives we offered to safely seek care as the health system continued to recover in the quarter.”
GUIDANCE:
UnitedHealth Group sees FY2020 EPS of $16.50-$16.75, versus the consensus of $16.58.
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