UnitedHealth shares climb on Q3 earnings, raised guidance
By Robert Davis
18:43, 26 October 2021
Shares of UnitedHealth Group (UNH) were up more than 1.3% to $455.03 (£330.60) Tuesday after the company announced its third-quarter earnings and raised its guidance.
Shares have gained more than 12.3% in value over the last month and more than 30% so far in 2021.
According to the company’s third-quarter earnings statement, UNH brought in $72.3bn in revenue, up 11% from this time last year.
Earnings per share (EPS) for the third quarter was $4.28. Seven analysts at MarketBeat expected UNH to report $71bn in revenue and EPS of $4.57.
Cash flow from operations totalled $7.6bn.
Investors received more than $1.4bn in dividend payments during the third quarter, an increase of 16% compared to the prior-year period.
UNH also repurchased more than 2.5 million shares for $1.1bn during the third quarter.
UNH increased the number of people it served by 790,000 during the third quarter.
For the full year 2021, UNH expects to bring in net earnings of between $17.70 and $17.95 per share, up from the company’s previous $17.35 to $17.85 EPS projection.
Read more: UnitedHealth enjoys strong Q2 as revenues rise 15%
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