Shares of UnitedHealth Group (NYSE: UNH) shot up 2.9% during pre-market hours on Wednesday after the healthcare company reported the financial results for the second quarter. The company reported adjusted earnings of $7.12, which was well above the street projections, despite the top-line narrowly missing the mark.
UnitedHealth also maintained its guidance for the full year.
CEO David S. Wichmann said, “We moved swiftly to assist the people we serve and their care providers, including the provision of $3.5 billion in proactive voluntary customer assistance and accelerated care provider funding.”
The stock has gained 5.4% since the beginning of this year.
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,