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The largest US health insurance company UnitedHealth Group in the third quarter recorded a net profit of $3 billion 188 million, which is 28.3% higher than a year earlier. Adjusted earnings were 3 dollars 24 cents per share, an increase of 22%. According to analysts, the figure was expected at 3 dollars 29 cents per share. Revenues reached 56 billion 556 million dollars, while experts had predicted 56 billion 300 million dollars. The division supplying technology and consulting services increased profits by 19.7%, revenues – by 11%. Growth in revenue from operations in the field of health insurance amounted to 12.8%. In the first half of the year, net profit increased by 28.9%, revenue – by 12.6%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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