Changes in US stocks | Raising full-year performance outlook UnitedHealth (UNHUS) opens and rises nearly 9%

The Zhitong Finance App learned that on Thursday, UnitedHealth (UNHUS) opened up nearly 9%, with a cumulative increase of 40% during the year. It is now reported at $453.55. According to the news, UnitedHealth raised its full-year performance outlook and reported that its quarterly profit far exceeded Wall Street expectations, which helped consolidate the company's profit recovery after a historic crash. According to financial reports, the company's second-quarter revenue was US$112 billion, up 0.3% year over year, exceeding expectations of US$1.14 billion; adjusted earnings per share were US$6.38, exceeding expectations of US$1.46.

The healthcare giant currently expects adjusted earnings per share of $19.50 to $20 this year, a significant increase from the previous forecast of $18.25 or more, and higher than analysts' expectations. As a key measure of healthcare costs, it performed far better than Wall Street analysts' predictions in the Bloomberg survey, and profits for the quarter exceeded the highest estimates.

Group Chief Financial Officer Wayne Devitt said the new outlook will be the starting point for achieving profit growth at the company's historical target rate next year. UnitedHealth has long sought to increase annual earnings per share by 13% to 16%. In an interview, he said that the more favorable medical cost data for the first half of this year gave the company confidence to increase its forecast.