5 Earnings Reports Grabbing Everyone’s Attention

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 96

UnitedHealth Group Incorporated (NYSE:UNH) is one of America’s largest healthcare and insurance companies. It recently came into the spotlight after delivering better-than-expected financial results for the first quarter.

The Minnesota-based healthcare giant reported adjusted earnings of $5.49 per share, up from $5.31 per share in the comparable period of 2021. Revenue for the quarter also rose 14.2 percent on a year-over-year basis to $80.1 billion, led by double-digit growth across its flagship segments. Analysts were expecting UnitedHealth Group Incorporated (NYSE:UNH) to report earnings of $5.37 per share on revenue of $78.76 billion.

UnitedHealth Group Incorporated (NYSE:UNH) also raised its profit outlook for 2022. The company is now looking for adjusted earnings in the range of $21.20 – $21.70 per share, compared to its earlier guidance between $21.10 – $21.60 per share.

Speaking on the results, CEO Andrew Witty said:

“Disciplined execution of our long-term strategy, with a sharp focus on ensuring access to care for the people we serve, enabled us to deliver high-quality, diversified growth across Optum and UnitedHealthcare during this first quarter of 2022.”