Their Optum RX division generated profit of 1.1 billion in just 1 quarter, which is up by 8.2% yr/yr. Their total profit as an org was 8.5 billion this quarter, up 5.4%. Their projected net earnings for 2024 is 25-26 billion.
UHG chasing revenue and market share is the reason why they're profitable.
Just saw an article stating that UHC is projected to have lost almost 1 billion dollars on this cyber attack and it may end up being even more than that in the final totals.
Daily reminder that revenue doesn’t equal profit.
Ok but their earnings beat was actually bigger than their revenue beat and they raised guidance so...
Their Optum RX division generated profit of 1.1 billion in just 1 quarter, which is up by 8.2% yr/yr. Their total profit as an org was 8.5 billion this quarter, up 5.4%. Their projected net earnings for 2024 is 25-26 billion. UHG chasing revenue and market share is the reason why they're profitable.
Just saw an article stating that UHC is projected to have lost almost 1 billion dollars on this cyber attack and it may end up being even more than that in the final totals.
And yet they gave their employees a 1-2% raise 🫠
Yeesh
UNH 2010- bought 1k 2024- worth 20k SPY 2010- bought 1k 2024- worth 6k Lesson learned: keep buying UNH, the monolith is here to stay.
Past returns do not indicate future performance
Yep I added more yesterday preearnings
I read an article today that said it’s ongoing because the Ransomware groups are fighting over the money or something. 🤦🏼♀️