VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home World

UnitedHealth reported better end of the 3rd quarter than Wall Street expected, and raised its annual forecast

admin by admin
October 17, 2020
in World
0
UnitedHealth reported better end of the 3rd quarter than Wall Street expected, and raised its annual forecast
0
SHARES
22
VIEWS
Share on FacebookShare on Twitter

UnitedHealth reported revenue growth of 3 quarters by 9%, helped by increased revenue Optum 21.4%. The Americans have reduced the number of requests for non-urgent medical care because of the pandemic, which has reduced the loss of UnitedHealth insurance.

UnitedHealth сообщила о лучших итогах 3 квартала, чем ожидал Wall Street, и повысила годовой прогноз

Shares of UnitedHealth Group (UNH), increased by almost 35% over the past 12 months, fell 2.9% on Wednesday with a high of $331,4 made on Tuesday.

Largest insurance company in the US reported a 10% decline in earnings per share 3rd quarter to $3.51, however, this turned out to be $0.42 to greater than the analyst estimate of $3,09.

Total quarterly revenue grew 9% (compared to the same quarter of the previous year) and amounted to $65,1 billion, also above average analytical assessment of $63,96 billion to See the quarterly history of revenue and profit for UnitedHealth last 2 years can link.

The revenues of the largest division of UnitedHealth health insurance rose 5% to $50.4 billion decline in the number of sales of private commercial insurance because of job cuts during a pandemic, partly offset by a rise in the number of clients for government programs, Medicare Advantage and Medicaid.

Division of medical services Optum traditionally has shown strong sales growth: 21% to $34.9 billion, and its profit increased by 8.33% to $2.6 billion.

UnitedHealth reported that the medical loss ratio (MLR) – the percentage of insurance payments for medical services – is 81.9% lower than last year to 82.4% and estimates in 83,55%. At the same time, the rate at 81.9% said the resumption of the appeals of the Americans for medical help after MLR in the second quarter amounted to 70.2% due to fears of clients to contact medical institutions in the midst of a pandemic COVID-19.

The user UnitedHealth warned investors that profit growth in the last two quarters due to the delayed treatment customers will be reduced in future quarters, as Americans renew call for medical help after a pandemic.

“Future periods will reflect a resumption of more typical schemes of care and continuation of treatment costs and test COVID-19 due to the ongoing uncertain economic recovery,” said company UnitedHealth.

Oppenheimer analyst Michael Wiederhorn reiterated a “buy” recommendation for shares of UnitedHealth with a target price of $353, which represents an increase of 9.7% from the closing price on Wednesday.

Widerhorn noted that business Optum is a good addition to the main unit of UnitedHealthcare’s medical management services and continues to bring a large share of the profits.

UnitedHealth raised its annual earnings per share Outlook for 2020 range $16,25 – $16,55 to $16,50 – $16,75.

Previous Post

Quest 2 useless: customers complain of blocked Facebook

Next Post

A third of companies fail at innovation stage of development

admin

admin

Related Posts

ballistic-helmet-and-its-main-characteristics
IT news

Ballistic helmet and its main characteristics

May 27, 2022
Here is the ranking of the 10 happiest French cities on Instagram
World

Here is the ranking of the 10 happiest French cities on Instagram

June 28, 2021
IPO Bumble, Dating apps, brought the company $2.15 billion.
World

IPO Bumble, Dating apps, brought the company $2.15 billion.

February 16, 2021
Electronic Arts buys mobile game developer Glu Mobile for $2.1 billion.
World

Electronic Arts buys mobile game developer Glu Mobile for $2.1 billion.

February 14, 2021
SpaceX announced the start of pre-orders for satellite Internet service Starlink at a price of $99
World

SpaceX announced the start of pre-orders for satellite Internet service Starlink at a price of $99

February 13, 2021
Next Post
A third of companies fail at innovation stage of development

A third of companies fail at innovation stage of development

Premium Content

Satisfy your creative hunger!

Satisfy your creative hunger!

July 8, 2020
New mod Half-Life: Alyx — the lightsaber from “Star wars”

New mod Half-Life: Alyx — the lightsaber from “Star wars”

August 15, 2020
Mobile purchases: iOS, Android or Windows Phone?

Mobile purchases: iOS, Android or Windows Phone?

January 24, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • How to Grow a YouTube Channel with ScaleLab: Effective Strategies for Creators
  • Sticker mockups: how to visualize your ideas professionally and efficiently
  • Ways to Get Free Senegal Proxies for Work and Surfing

© 2023 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2023 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?