earnings
confidence high
sentiment negative
materiality 0.85
UnitedHealth Q1 net loss $1.53/shr on Brazil sale and cyberattack; adj EPS $6.91, revenue $99.8B
UNITEDHEALTH GROUP INC
2024-Q1 EPS reported
-$1.53
revenue$99,796,000,000
- Q1 revenue $99.8B (+$8B YoY); net loss per share $1.53 includes $7B Brazil charge and $0.74 cyberattack impact.
- Adjusted EPS $6.91 ($0.25 business disruption included); full-year adjusted EPS outlook unchanged at $27.50-$28.00.
- Cyberattack direct response costs $0.49/shr Q1; total FY2024 impact estimated at $1.15-$1.35/shr.
- Medical care ratio 84.3% (up from 82.2%); added $800M claims reserves prudently; DCP 47.1 days.
- Returned $4.8B to shareholders via dividends and buybacks in Q1; cash flow from ops $1.1B impacted by $3B provider support.