UnitedHealth Group (UNH, Financial) unveiled its financial figures for the first quarter, reporting revenues of $109.58 billion. This result fell short of market analysts' expectations, which were projected at $111.6 billion.
CEO Andrew Witty highlighted the company's efforts in expanding its services to a broader customer base. Despite these initiatives, the company did not meet its internal performance benchmarks. Witty indicated that UnitedHealth is actively tackling these challenges to enhance their future positioning. The company aims to revert to its target for long-term earnings growth, set at an annual rate of 13 to 16%.
