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00:03UnitedHealth Group shares rose more than 8% after the company reported a first quarter earnings beat
00:08and raised its full year profit outlook, according to Benzinga.
00:12First quarter adjusted earnings of $7.23 per share on $111.7 billion in revenue,
00:20exceeded expectations of $6.58 per share and $109.58 billion.
00:25The company's medical care ratio improved to 83.9% from 84.8% a year ago,
00:34reflecting tighter cost management and favorable reserve development.
00:37Management said care utilization trends remained consistent with expectations.
00:42The company raised its 2026 adjusted earnings outlook to more than $18.25 per share
00:49for more than $17.75.
00:51The company's Q1 results indicate its pricing discipline and operational changes are working,
00:57as the company raised its outlook while maintaining a cautious tone.
01:02Shares were up by 7.85% at $348.87 in Wednesday's pre-market trading,
01:09according to Benzinga ProData.
01:11For all things money, visit Benzinga.com.
01:14For all things money, visit Benzinga ProData.com and visit Benzinga ProData.com and visit Benzinga ProData.com and visit
01:14Benzinga ProData.com.
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