UnitedHealth Group Incorporated (NYSE:UNH) revealed its second quarter earnings results on Wednesday 15th July 2020 before market open.
The provider of diversified health and well-being, reported $ 6.91 income per share for the quarter, beat the consensus estimate of $ 5.18 income per share by $ 1.94 or 37.45 percent.
On adjusted basis, UnitedHealth Group Incorporated reported income for the quarter of $ 7.12 per share.
The quarterly earnings improved 102.05 percent compared with the same quarter last year.
The firm had revenue of $ 62,138.00 million for the quarter, compared to the consensus estimate of $ 63,432.00 million. The revenues fell short of analysts estimates by $ 1 million or 2.04 percent.
The financial report showed revenues grew 2.55 percent versus second quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
David S. Wichmann, chief executive officer of UnitedHealth Group, said, Our 325,000 dedicated team members, including the 120,000 clinicians serving on the front lines of care, have tirelessly responded to COVID-19 with agility, innovation and compassion. We moved swiftly to assist the people we serve and their care providers, including the provision of $3.5 billion in proactive voluntary customer assistance and accelerated care provider funding. We remain committed to taking further actions to address any future imbalances as a result of the pandemic.
