UnitedHealth beats on revenue despite impact from cyberattack
Publishing timestamp: 2024-04-16 12:38:24
Summary
UnitedHealth Group reported better-than-expected revenue for the first quarter, but is still dealing with fallout from a cyberattack on its subsidiary Change Healthcare. The company reported a net loss due to the impact of the cyberattack and the sale of its Brazil operations. Despite this, UnitedHealth's two major business units, Optum and UnitedHealthcare, reported revenue growth. The company is working to restore Change Healthcare's services and expects the full-year impact of the cyberattack to be between $1.15 and $1.35 per share.
Sentiment: MIXED
Tickers: UNH,
Keywords: breaking news: technology, technology, enterprise, unitedhealth group inc, internet, business news, earnings, health care industry,
Source: https://www.cnbc.com/2024/04/16/unitedhealth-group-unh-q1-2024-earnings.html