What To Know: UnitedHealth reported worse-than-expected earnings today, reporting adjusted earnings per share of $7.20, missing analysts’ expectations of $7.29. In addition, the insurance giant posted sales of $109.58 billion, missing analysts’ expectations of $111.60 billion.

The company also cut its guidance for fiscal-year 2025 adjusted earnings per share. It now expects adjusted earnings per share of $26 to $26.50, versus analysts’ estimate of $29.73. The company had previously expected adjusted earnings per share of $29.50 to $30.

UnitedHealth said the guidance change reflects higher care activity in its Medicare Advantage business and unexpected changes in Optum Health member profiles due to low engagement from beneficiaries in plans exiting certain markets.

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Price Action: At the time of writing, CVS stock is trading 3.16% lower at $64.29, Humana stock is moving 7.80% lower at $260.04 and Elevance shares are trading 3.06% lower at $422.02, according to data from Benzinga Pro.

Image: Courtesy of CVS Health Corporation