Shares of UnitedHealth Group Inc. UNH rose 0.2% toward a four-month high in premarket trading Friday, after the health insurer reported profit and revenue that rose above expectations and lifted its full-year earnings outlook. Net income increased to $5.61 billion, or $5.95 a share, from $5.03 billion, or $5.27 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $6.26 topped the FactSet consensus of $6.16. Revenue grew 14.7% to $91.
2% toward a four-month high in premarket trading Friday, after the health insurer reported profit and revenue that rose above expectations and lifted its full-year earnings outlook. Net income increased to $5.61 billion, or $5.95 a share, from $5.03 billion, or $5.27 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $6.26 topped the FactSet consensus of $6.16. Revenue grew 14.7% to $91.93 billion, well above the FactSet consensus of $89.
By nature insurance is a ripoff and why the industry spends so much on lobbyists to stay in business and keep premiums high…it’s a legalized racket