UnitedHealth Exceeds Q3 Earnings Expectations with $100.82B Revenue, Adjusts FY24 EPS Forecast

Oct 15, 2024, 10:06 AM

UnitedHealth Group Inc. reported its third-quarter 2024 earnings, surpassing analysts' expectations. The company posted an adjusted EPS of $7.15, exceeding the estimated $6.99. Revenue for the quarter reached $100.82 billion, higher than the forecasted $99.16 billion, marking a 9% year-over-year increase. Despite the positive earnings, UnitedHealth's Medical Care Ratio (MCR) was 85.2%, missing the estimated 84.4%. The company has also narrowed its full-year 2024 adjusted EPS forecast to a range of $27.50 to $27.75, down from the previous range of $27.50 to $28.00, factoring in a $0.75 per share impact from business disruptions affecting Change Healthcare services. UnitedHealth's market cap stands at $559.04 billion, and its segment revenue was $74.9 billion.