Posted 4/16/2024, 3:23:26 PM
UnitedHealth Beats Earnings Despite Cyberattack Costs, Takes Charge on Brazil Exit
- UnitedHealth Group beat Q1 earnings expectations despite costs from a cyberattack on its Change Healthcare business
- The cyberattack disrupted claims processing and cost UnitedHealth $872M in Q1
- UnitedHealth took a $7B charge for selling a Brazilian health business it acquired over 10 years ago
- Revenue grew over 8% to $99.8B; adjusted earnings were $6.91 per share
- UnitedHealth reaffirmed its 2024 earnings forecast of $27.50-$28 per share
