Categories AlphaGraphs, Consumer, Earnings, Health Care

UnitedHealth beats estimates on Q4 results

UnitedHealth Group (UNH) surpassed market expectations on both revenue and earnings for the fourth quarter of 2018. Shares were up 1.5% in premarket hours on Tuesday.

Total revenues were $58.4 billion compared to $52 billion in the same period last year. Net income attributable to common shareholders was $3 billion or $3.10 per share compared to $3.6 billion or $3.65 per share in the prior-year quarter. Adjusted EPS was $3.28.

UnitedHealth Group fourth quarter 2018 Earnings Infographic
UnitedHealth Group Q4 2018 Earnings Infographic

UnitedHealth Group recorded revenue increases in both its UnitedHealthcare and Optum segments on a year-over-year basis. Revenues grew across all business units within both segments during the quarter. In UnitedHealthcare, the highest increase of 15.3% was seen in the Medicare & Retirement unit.

Also see: UnitedHealth Group Q4 2018 Earnings Transcript

The Optum segment benefited from various factors including growth in care delivery and behavioural health services as well as increased script volumes. Within this segment, OptumHealth registered the highest increase of 17%.

UnitedHealth Group boosted by solid Q3 results and updated outlook

The company saw an increase in total operating costs during the quarter. Operating costs amounted to $53.9 billion compared to $48 billion in the prior-year period. Medical costs increased 11.4% year-over-year to $36.9 billion.

UnitedHealth Group affirmed its outlook for 2019, including GAAP EPS of $13.70 to $14.00, adjusted EPS of $14.40 to $14.70 and cash flows from operations of $17.3 billion to $17.8 billion.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Does Unity Software (U) stock has more room to run?

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 (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

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

Does the virus-driven boom make Electronic Arts (EA) a good investment?

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,

One thought on “UnitedHealth beats estimates on Q4 results

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top