Recap: UnitedHealth Group Q2 Earnings

Shares of UnitedHealth Group UNH moved lower by 1.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 97.78% year over year to $7.12, which beat the estimate of $5.18.

Revenue of $62,138,000,000 higher by 2.55% year over year, which missed the estimate of $63,430,000,000.

Guidance

The upcoming fiscal year's EPS expected to be between $16.25 and $16.55.

Price Action

Company's 52-week high was at $315.84

Company's 52-week low was at $187.72

Price action over last quarter: Up 4.11%

Company Overview

UnitedHealth Group is the largest private health insurance provider in the United States, offering medical benefits to nearly 50 million members across its U.S. and international businesses. As the leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained unrivaled scale compared with its peers in managed care. Along with its insurance assets, UnitedHealth's continued investment behind its Optum franchises has created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.