UnitedHealth Group shares edged lower in the extended session Monday after the health-care and insurance company issued guidance ahead of its Tuesday investor day, and some of it didn’t meet analyst expectations. UnitedHealth said it expects 2022 revenue of around $324 billion, and net earnings between $20.85 a share and $21.05 a share. The company kept its adjusted net earnings guidance at between $21.85 a share and $22.05 a share, as announced in its third-quarter earnings release and as analysts polled by FactSet expect. The analysts expect revenue of $323 billion for the current year. UnitedHealth teased its 2023 outlook, saying that it expects revenue of between $357 billion and $360 billion, and adjusted net earnings between $24.40 a share and $24.90 a share. The analysts surveyed by FactSet expect the company to report adjusted earnings around $24.92 a share on sales of $352.6 billion in 2023. United Health shares ended the regular trading day down 1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Read Full Story
- The Ratings Game: Meta stock enjoys its best day since 2013 amid ‘meteoric’ shift - February 2, 2023
- Dow Jones Newswires: China’s Caixin services PMI bounces back in January - February 2, 2023
- The Wall Street Journal: Beyond Meat revamps its retail strategy, hires new marketing executive - February 2, 2023
