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UnitedHealth higher after Q3 earnings beat, 2023 profit outlook boost

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Dow component UnitedHealth topped third quarter earnings forecasts and lifted the lower-end of its prior forecast for full-year profits.

posted stronger-than-expected third quarter earnings Friday, while lifting its full-year profit forecast, as its Optum benefits division continued to power its top and bottom lines.

Group revenues, UnitedHealth said, rose 14.2% to $92.4 billion, again topping analysts' estimates of an $91.37 billion tally, while Optum revenues rose 21.6% to $56.7 billion. Looking into the final months of the year, UnitedHealth said it sees 2023 earnings in the region of $24.85 to $25.00, up from its prior forecast of $24.70 to $25.00 per share.

 

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