Unitedhealth Updates 2024 Net Profit To $15.95-$16.40 From $17.60-$18.20 Per Share To Reflect The Classification To Held For Sale Of Its Remaining South America Operations And The Estimated Change Healthcare Cyberattack Impacts
Portfolio Pulse from Benzinga Newsdesk
UnitedHealth Group has updated its 2024 net profit forecast to $15.95-$16.40 per share from the previous $17.60-$18.20 per share. This adjustment reflects the classification of its remaining South America operations as held for sale and the estimated impacts of the Change Healthcare cyberattack.
July 16, 2024 | 9:59 am
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UnitedHealth Group has revised its 2024 net profit forecast downward to $15.95-$16.40 per share from $17.60-$18.20 per share. This revision is due to the classification of its remaining South America operations as held for sale and the estimated impacts of the Change Healthcare cyberattack.
The downward revision in net profit forecast is significant and likely to negatively impact investor sentiment. The sale of South America operations and the cyberattack on Change Healthcare are notable factors contributing to this adjustment.
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