Summary
UnitedHealth Group Inc. (UNH) filed an 8-K on April 19, 2016, to report its first-quarter 2016 financial results. The primary focus of this filing is the announcement of the company's earnings per share (EPS) for the first quarter of 2016 and its updated full-year 2016 earnings guidance. Investors should note the company's use of non-GAAP adjusted earnings per share, which excludes amortization of acquired intangible assets, and pay close attention to the provided GAAP equivalents for a complete financial picture. The company provided its first quarter 2016 earnings per share attributable to common shareholders at $1.67, an increase from $1.46 in the first quarter of 2015. Furthermore, UNH raised its projected full-year 2016 earnings per share to a range of $7.20 to $7.40. This updated guidance suggests management's confidence in the company's ongoing performance and strategic initiatives throughout the remainder of the fiscal year. The press release detailing these results is furnished as an exhibit.
Key Highlights
- 1UnitedHealth Group reported Q1 2016 earnings per share (EPS) of $1.67, up from $1.46 in Q1 2015.
- 2The company raised its full-year 2016 EPS guidance to a range of $7.20 - $7.40.
- 3The filing includes a press release announcing Q1 2016 results, furnished as Exhibit 99.1.
- 4The company utilizes non-GAAP adjusted earnings per share, excluding amortization of acquired intangible assets.
- 5Reconciliations between GAAP and non-GAAP financial measures are available in the press release.
- 6This filing primarily serves to disseminate financial results and updated forward-looking guidance.