UnitedHealth (UNH) reported Q1 adjusted earnings Thursday of $7.20 per diluted share, up from $6.91 a year earlier.

Analysts polled by FactSet expected $7.30.

Revenue for the quarter ended March 31 was $109.58 billion, up from $99.8 billion a year earlier.

Analysts surveyed by FactSet expected $111.54 billion.

For 2025, the company lowered its adjusted EPS outlook to a range of $26 to $26.50, down from its previous range of $29.50 to $30.

Analysts polled by FactSet expect $29.72.

UnitedHealth shares were down 17% in recent premarket activity.