UnitedHealth Group Inc. announced on Thursday that its revenue for the fourth quarter of fiscal 2024 increased by 6.3% compared to the same period a year prior, to stand at $100.8 billion, missing analysts' expectations. Net earnings grew by 1.9% on a yearly basis, amounting to $5.8 billion, with diluted earnings per share (EPS) at $5.98, up 2.5% year-on-year.
Full-year revenue climbed by 8% compared to full-year 2023, amounting to $400.3 billion, with net earnings down 34.1% to $15.2 billion and diluted EPS plunging 35% annually to $15.51.
"The people of UnitedHealth Group remain focused on making high-quality, affordable health care more available to more people while making the health system easier to navigate for patients and providers, positioning us well for growth in 2025," CEO Andrew Witty commented. UnitedHealth shares declined by 2.43% in premarket trade after the earnings release.
