2024-04-27 08:45:00 ET
It's still early days in this latest earnings season, but it seems we can already tag one winner in the healthcare sector -- take a bow, UnitedHealth Group (NYSE: UNH) .
As the season lurched into action, the sprawling healthcare insurer and services provider published its first-quarter results. These not only showed very encouraging growth dynamics in key fundamentals, they topped analyst expectations. Read on for a digest on UnitedHealth's healthy quarter.
You know you're dealing with a large and important company when you see a quarterly revenue figure that hovers just under $100 billion (yes, that's billion with a "b"). UnitedHealth's Q1 top line was $99.8 billion, which was a robust 9% higher on a year-over-year basis. It also accounts for a concentrated cyberattack on the company. Factoring out that incident results in an adjusted revenue figure of just over $100 billion.
For further details see:
This Healthcare Stock Just Gave Investors 100 Billion Reasons to Buy It