UnitedHealth Beats Earnings Estimates As Medical Costs Remain Lower Than Expected

• UnitedHealth Group reported higher-than-expected second quarter profits of $5.47 billion.
• Revenue rose 16% to $92.9 billion, exceeding Wall Street forecasts.
• Lower-than-feared jump in medical costs boosted profits and share prices.
• Customer growth in Medicare Advantage and Optum divisions fueled revenue gains.
• UnitedHealth raised its full-year earnings forecast on strong first half performance.

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