Earnings

UnitedHealth Group (UNH) earnings Q2 2023

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UnitedHealth Group’s stock price jumped Friday after the health-care conglomerate reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations despite rising medical costs.

The results eased investor concerns after the Minnesota-based company flagged a surge in demand for non-urgent surgeries and outpatient services last month and spooked the market.

Shares of UnitedHealth closed up more than 7% Friday. The stock is down more than 9% so far this year, however.

UnitedHealth Group is the biggest health-care company in the U.S. by market cap and revenue, and is even bigger than the nation’s largest banks. Given its size, UnitedHealth Group is considered a…



Source cnbc.com

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