UnitedHealth Group Incorporated announced on Friday its revenue in the second quarter of the fiscal year 2023 came in at $92.9 billion, beating the estimates of $91 billion. The result represents an increase of 16% over the previous year's second quarter.
The earnings from operations until June 30, 2023, rose to $8.1 billion from $7.1 billion, mainly due to the contribution of Optum and UnitedHealthcare. Diluted earnings per share attributable to UnitedHealth Group common shareholders was $5.82 versus $5.24 last year. The company increased the range of its full-year net earnings outlook to $23.45 to $23.75 per share and adjusted net earnings to $24.70 to $25.00 per share.
"Our diverse healthcare capabilities and dedicated colleagues are enabling us to meet the needs of more people in more ways, driving substantial growth and expanding our opportunities to serve well into the future," said Andrew Witty, chief executive officer of UnitedHealth Group.
After the publication of the results, UnitedHealth Group shares climbed 2.74% to sell for $460 during premarket trading at 6:07 am ET.
