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Investors Cheer UnitedHealth's Q1 Earnings Despite Cyberattack Fallout, Taking $872M Hit From Hack

UnitedHealth Group (NYSE:UNH) shares are trading higher on Tuesday after the insurance giant reported better-than-expected revenue in first-quarter 2024 as it still deals with the cyberattack on its subsidiary Change Healthcare in February this year. The company reported adjusted EPS of $6.91, up from $6.26 a year ago, beating the consensus of $6.62. UnitedHealth’s revenues increased nearly $8 billion to $99.8 billion, beating the consensus of $99.3 billion. First-quarter earnings from operations were $7.9 billion, including $872 million in unfavorable charges for cyber attack.  Adjusted earnings from operations of $8.5 billion include the Change Healthcare business disruption impacts, excluding the cyberattack direct ...