Rex said the company would now expect adjusted earnings of $26 to $26.50 per share.
That sent health insurer stocks soaring earlier this month.
UnitedHealth reported net income of $6.47 billion for the first quarter, according to the Journal.
UnitedHealthcare (UHC) health insurance company signage is displayed on an office building in Phoenix, Arizona on July 19, 2023.© Photo by PATRICK T. FALLON/AFP via Getty Images
The stock currently sits down 10% from where it was a year ago.
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