UnitedHealth shares plunge after slashing full-year profit outlook

  • UnitedHealth Group Inc (NYSE:UNH, ETR:UNH) shares plunged almost 20% after the health insurance company downwardly revised its full-year profit guidance, in addition to reporting an earnings miss for the first quarter. It now expects adjusted earnings in the range of $26 to $26.50 per share, down from its earlier forecast of $29.50 to $30.