Shares of UnitedHealth Group (NYSE:UNH) saw a 5% increase intra-day today following the announcement of Q1/24 earnings that surpassed expectations. The health insurer reported earnings per share (EPS) of $6.91, exceeding consensus estimates of $6.62, with revenue reported at $99.8 billion, higher than the expected $99.26 billion.
UnitedHealth estimates the total impact of the cyberattack on 2024 earnings will range between $1.15 and $1.35 per share. Looking forward, UnitedHealth has set its full-year 2024 adjusted EPS guidance between $27.50 and $28.00, compared to the market consensus of $27.52. This outlook accounts for costs associated with the cyberattack and the sale of the Brazil operations but includes an anticipated $0.30 to $0.40 per share impact from service disruptions in Change Healthcare. Additionally, the company revised its 2024 net earnings forecast to between $17.60 and $18.20 per share.
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