10/14/2022, 11:59 AM (Source: TeleTrader)
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UnitedHealth Q3 revenues at $80.9B, up 12% YoY

UnitedHealth Group Incorporated revealed that its revenues in the third fiscal quarter of 2022 jumped 12% year over year to $80.9 billion.

Earnings from operations came in at $7.5 billion, surging 31% from the third three-month period of 2021. Diluted earnings per share attributable to common shareholders stood at $5.55 in three months that ended September 30, 2022, up 30% compared to the same period in 2021.

"Growth in the third quarter was driven by continued expansion in the number of people served throughout UnitedHealthcare and in the value-based care initiatives at Optum Health. The company increased its full year 2022 net earnings outlook to $20.85 to $21.05 per share and adjusted net earnings to $21.85 to $22.05 per share," UnitedHealth said in the report.

Company shares were 0.32% higher in premarket trade following the release of the third-quarter results.

Baha Breaking News (BBN) / MS