UnitedHealth stock rises after profit and revenue beats, raised outlook

Shares of UnitedHealth Group Inc. UNH, -0.91% roseate 1.3% successful premarket trading Thursday, aft the wellness attraction supplier reported second-quarter nett and gross that were good supra expectations and raised its full-year outlook, adjacent arsenic the institution continued to expect COVID-19 to instrumentality a wound retired of results. Net income fell to $4.27 billion, oregon $4.46 a share, from $6.64 billion, oregon $6.91 a share, successful the year-ago period. Excluding nonrecurring items, adjusted net per stock declined to $4.70 from $7.12, but bushed the FactSet statement of $4.43. Total gross grew 14.8% to $71.32 billion, supra the FactSet statement of $69.51 billion, arsenic premiums gross accrued 13.8% to $56.23 cardinal to apical expectations of $55.07 billion. Optum gross roseate 17.1% to $38.3 billion. The institution raised its 2021 adjusted EPS guidance scope to $18.30 to $18.80 from $18.10 to $18.60, with that outlook inactive including astir $1.80 per stock successful estimated antagonistic COVID-19 effects, which see investigating and attraction costs. The banal has rallied 18.3% twelvemonth to day done Wednesday, portion the SPDR Health Care Select Sector ETF XLV, -0.09% has gained 13.5% and the Dow Jones Industrial Average DJIA, +0.13% has precocious 14.1%.