"UnitedHealth Group's Resilient First Quarter: Beating Revenue and Profit Estimates Despite Cyberattack Impact"

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Source: CNBC
"UnitedHealth Group's Resilient First Quarter: Beating Revenue and Profit Estimates Despite Cyberattack Impact"
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TL;DR Summary

UnitedHealth Group reported better-than-expected revenue in its first-quarter results despite a cyberattack on its subsidiary Change Healthcare, with earnings of $6.91 per share and revenue of $99.8 billion. The company incurred a charge of around $7 billion from selling its Brazil operations and a net loss of $1.53 per share due to the cyberattack. The cyberattack's total impact in the first quarter was 74 cents per share, and the company expects the full-year impact to be between $1.15 and $1.35 per share. UnitedHealth's two major business units, Optum and UnitedHealthcare, both reported revenue growth, and the company advanced more than $6 billion to health-care providers in need of assistance.

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