UnitedHealth stock jumps after earnings top estimates despite rising medical costs
Publishing timestamp: 2023-07-14 16:14:37
Summary
UnitedHealth Group's stock price jumped after the company reported second-quarter revenue and adjusted earnings that exceeded expectations. The company also raised its full-year adjusted earnings outlook. The results eased investor concerns after UnitedHealth flagged a surge in demand for non-urgent surgeries and outpatient services. UnitedHealth Group is considered a bellwether for the broader health insurance sector.
Sentiment: POSITIVE
Tickers: UNH,
Keywords: unitedhealth group inc, social issues, health care industry, biotech and pharmaceuticals, andrew witty, business news, earnings, biotechnology, health insurance providers, business, pharmaceuticals, labor economy, breaking news,
Source: https://www.cnbc.com/2023/07/14/unitedhealth-group-unh-earnings-q2-2023.html