UNH - Investors Cheer UnitedHealth's Q1 Earnings Despite Cyberattack Fallout Taking $872M Hit From Hack | Benzinga
UnitedHealth Group (NYSE:UNH) shares are trading higher on Tuesday after the insurance giant reported better-than-expected revenue in first-quarter 2024 as it still deals with the cyberattack on its subsidiary Change Healthcare in February this year.
The company reported adjusted EPS of $6.91, up from $6.26 a year ago, beating the consensus of $6.62.
UnitedHealth’s revenues increased nearly $8 billion to $99.8 billion, beating the consensus of $99.3 billion.
First-quarter earnings from operations were $7.9 billion, including $872 million in unfavorable charges for cyber attack.
Adjusted earnings from operations of $8.5 billion include the Change Healthcare business disruption impacts, excluding the cyberattack direct ...