Why Is UNH Stock Soaring After Earnings?

UnitedHealth beat expectations for the first quarter, sending UNH stock up over 5%. Here's what you need to know.

(Image credit: Getty Images)

UnitedHealth Group (UNH) stock is soaring over 5% in Tuesday's session after the company beat both earnings and revenue estimates for its fiscal 2024 first quarter.

UNH stock can certainly use the boost considering it was down 15% for the year-to-date heading into today's trading. This makes it one of the worst Dow Jones stocks of 2024 so far.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.