Summary by Moomoo AI
On April 16, 2024, UnitedHealth Group Incorporated released its first quarter financial results for 2024. The report highlighted a revenue increase to $99.8 billion, up nearly $8 billion from the previous year. However, the company faced a net loss of $1.53 per share, primarily due to currency effects from the sale of its Brazil operations and a cyberattack on Change Healthcare. Adjusted earnings per share were $6.91, including a $0.25 per share impact from business disruptions related to the cyberattack but excluding costs from the Brazil sale and direct response efforts. UnitedHealth provided over $6 billion in support to care providers affected by the cyberattack through advance funding and interest-free loans. The cyberattack's total impact on the first quarter was $0.74 per share, with full-year 2024 impacts estimated...Show More