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4/15, 12:01 PM (Source: TeleTrader)
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UnitedHealth's Q1 revenue at $64.4B, up 7% YoY

UnitedHealth Group Inc. said on Wednesday its revenue in the first fiscal quarter of 2020 rose 6.8% to stand at $64.4 billion. Operating costs climbed 7.1% on an annual basis to amount to $59.4 billion, while earnings from operations grew 3.4% in the same period to $5.0 billion. The operating cost ratio was 15.5% in first quarter of 2020, increasing from 14.1% in the same period last year

Net earnings were at $3.5 billion, down 2.6% compared to the same period last year. Adjusted earnings per share were essentially unchanged on an annual basis at $3.72.

"During the first quarter of 2020, UnitedHealth Group responded to the COVID-19 global health crisis, rapidly redirecting its business efforts to provide a broad range of critical support to patients, customers, care providers and communities, while maintaining full employment for its team members," the company said in the press release.

Breaking the News / MD