UnitedHealth Tweaks 2020 Guidance, Guides for 2021 Profit
December 01 2020 - 7:15AM
Dow Jones News
By Matt Grossman
UnitedHealth Tuesday refined its full-year guidance for 2020 and
said it expects to record a full-year profit in 2021.
The Minnetonka, Minn.-based health-insurance company said it now
expects full-year 2020 revenue of about $257 billion, with adjusted
earnings approaching $16.75 a share. In October, the company had
said it expected adjusted earnings of $16.50 to $16.75 a share.
Analysts polled by FactSet were expecting a full-year adjusted
profit of $16.73 a share on revenue of $256.67 billion.
For 2021, UnitedHealth said it anticipates revenue of $277
billion to $280 billion and an adjusted profit of $17.75 to $18.25
a share. Analysts had been projecting 2021 revenue of $278.46
billion and a profit of $18.39 a share.
UnitedHealth said it expects the effects of Covid-19 to detract
about $1.80 a share from next year's profit figures.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
December 01, 2020 07:00 ET (12:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
UnitedHealth (NYSE:UNH)
Historical Stock Chart
From Aug 2024 to Sep 2024
UnitedHealth (NYSE:UNH)
Historical Stock Chart
From Sep 2023 to Sep 2024