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UnitedHealth: Q1 EPS above estimates

( - The US insurance and health services giant UnitedHealth Group has reported Q1 2020 adjusted EPS of 3.
72 dollars, 10 cents above the consensus.

The group saw its operating profit increase 3.4% to five billion dollars, for revenues that are up 6.8% at 64.4 billion dollars, driven by both its insurance subsidiary UnitedHealthcare and Optum, its services subsidiary.

UnitedHealth Group confirms that it expects adjusted EPS of 16.25-16.55 dollars for 2020. In addition, it announces that Optum's CEO, Andrew Witty, will take leave from the group to help a WHO initiative to develop a vaccine against Covid-19.

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