UnitedHealth Group Incorporated (NYSE:UNH) recorded its third quarter earnings results on Wednesday 14th October 2020 before market open.
UnitedHealth Group Incorporated recorded quarterly income of $ 3.30 per share, from the revenue of $ 65,115.00 million. On adjusted basis, the firm reported income for the quarter of $ 3.51 per share.
The consensus estimate are $ 3.09 income per share from revenues of $ 63964.90 million.
The third quarter financial report outlined, earnings beat street analysts by $ 0.42 or 13.59 percent, where as revenues outshined analysts estimates by $ 1,150.10 million or 1.80 percent.
On the other hand, The quarterly earnings decreased 10.08 percent compared with the same quarter last year, at the same time revenues hiked 7.89 percent versus third quarter of last year.
David S. Wichmann, chief executive officer of UnitedHealth Group, commented, The people of UnitedHealth Group continue to deliver more innovative and modern solutions for customers, physicians and consumers, while responding to the needs of the people and communities affected by the pandemic. We are encouraged to see those we serve respond to the incentives we offered to safely seek care as the health system continued to recover in the quarter
