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UnitedHealth Q2 Earnings: Revenue And EPS Beat, Lifts Cyberattack Impact Estimate, Reaffirms Profit Outlook
Tuesday, UnitedHealth Group (NYSE:UNH) reported better-than-expected second-quarter 2024 earnings.
The company reported adjusted EPS of $6.80, up from $6.14 a year ago, beating the consensus of $6.66.
UnitedHealth's revenues increased nearly $6 billion (+6.4% Y/Y) to $98.86 billion, beating the consensus of $98.34 billion, led by expansion in people served domestically at Optum and UnitedHealthcare.
Cyberattack Update: The company said it has restored most of the affected Change Healthcare services and has provided over $9 billion in advance funding and interest-free loans to support care providers.
Total cyberattack impacts in the second quarter were $0.92 per share.
Adjusted earnings from operations of $8.7 billion include the Change Healthcare business disruption impacts, excluding the cyberattack direct response and South American impacts.
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