UnitedHealth Q1 net earnings grew 24 percent to $3.56 per shareChristian Fernsby ▼ | April 16, 2019
While reporting financial results for the first quarter, UnitedHealth Group increased its earnings outlook for the full-year 2019.
UnitedHealth Adjusted earnings was $3.73 per share, driven by top-line growth
Previously, the company had projected full year net earnings in the range of $13.70 to $14.00 per share, and adjusted earnings in the range of $14.40 to $14.70 per share.
For the first quarter, net earnings grew 24 percent to $3.56 per share from last year, and adjusted earnings was $3.73 per share, driven by top-line growth and 60 basis points of net margin expansion. Revenues for the quarter increased 9.3 percent to $60.3 billion from a year-ago.
Analysts expected earnings of $3.59 per share on revenues of $59.71 billion for the quarter. ■