Reported 2 days ago
UnitedHealth's stock fell by up to 21% following a first-quarter earnings report that missed expectations, prompting a reduction in full-year profit guidance. CEO Andrew Witty described the disappointing results as 'unusual and unacceptable,' highlighting issues such as higher costs associated with Medicare Advantage services and increased utilization by senior patients. The company reported adjusted earnings per share of $7.27, aligning with expectations, but revenue fell short, leading to concerns about future profitability.
Source: YAHOO