UnitedHealth Group reports strong Q2 earnings, exceeding expectations, but anticipates $2.3-2.45bn cyberattack cost in 2024.
UnitedHealth Group reported a strong Q2 with adjusted earnings of $6.80 per share on $98.85bn revenue, exceeding Wall Street's expectations. However, the company has incurred increased costs due to a massive cyberattack on its Change Healthcare business, which is expected to cost between $2.3bn and $2.45bn in 2024. Despite the Q2 success, the company remains cautious about its outlook for the year.
July 16, 2024
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