UnitedHealth Group's shares rally despite $0.92 Q2 EPS reduction due to cyberattack costs.
UnitedHealth Group's shares rallied despite ongoing cyberattack costs. The Q2 earnings report revealed that the cyberattack reduced EPS by $0.92, with $0.64 coming from restoring Change Healthcare's platform and increased medical care expenditures. Despite this, investors are looking past the costs. With the company's prospects and valuation, is it still a good opportunity to buy the stock?
July 21, 2024
3 Articles