UnitedHealth sees profit double in fourth quarter thanks to one-off gain from Trump’s new tax reforms
Net earnings more than doubled to US$3.62bn in the final three months of 2017, while the health insurer also upped its 2018 earnings guidance
Company
NYSE:UNH
UnitedHealth Group Inc is a diversified health care company that operates Optum and UnitedHealthcare platforms. The company's segments include Optum Health, Optum Insight, Optum Rx and UnitedHealthcare.
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Net earnings more than doubled to US$3.62bn in the final three months of 2017, while the health insurer also upped its 2018 earnings guidance
Optum health-services arm has been building up its physician practices, clinics and surgery centers over the years
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Adjusted earnings-per-share came in at US$2.66, well above Wall Street’s consensus for US$2.56, but revenues fell short of market expectations of US$50.37bn, managing only US$50.32bn from the US$46.29bn recorded the year earlier
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The Minnesota-based company recorded a second quarter profit of US$2.28bn, or US$2.46 a share, up from US$1.75bn, or US$1.81 per share a year earlier
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In the small cap world, the Russell 2,000, was around seven points higher at 1,146.
In the small cap world, the Russell 2,000, was around seven points higher at 1,146.
Below are some of the main news-driven share price changes as at 11:33 a.m. in New York.
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