Shares of UnitedHealth Group Inc. (UNH, Financial) jumped more than 4% on Tuesday after announcing third-quarter results. The company posted earnings of $3.41 per share on $56.56 billion in revenue, a 12.4% year-over-year increase. It beat earnings estimates by 12 cents and revenue expectations by $1.60 million.
“These results reflect our businesses delivering increased value at an accelerating pace to society and the millions of people we serve – one person at a time,” CEO David Wichmann said.
Moreover, the company repurchased 1.9 million shares during the quarter, bringing the total to 15.7 million shares for the year. Further, it paid $866 million in dividends, reflecting a 20% increase to the company’s dividend rate in June 2018.
Looking ahead, the company raised its earnings per share outlook to $12.10 from the previous range of $11.80 to $12.05. It also increased its guidance for adjusted net earnings per share to $12.80 from the prior range of $12.50 to $12.75.
Shares of Domino's Pizza Inc. (DPZ, Financial) fell nearly 5% after posting third-quarter earnings of $1.95 per share on $785.97 million in revenue, a 22.1% year-over-year increase. The company beat earnings estimates by 20 cents, but fell $3.85 million short of revenue expectations.
During the quarter, the international division posted positive results, with same-store sales growing 3.3%. This also marked the 99th consecutive quarter of positive international same-store sales growth and the 30th consecutive quarter of positive domestic same-store sales growth.Â
The company repurchased 397,490 shares of its common stock and declared a quarterly dividend of 55 cents per share for shareholders of record as of Dec. 14. The payment will be made on Dec. 28.
Disclosure: The author holds no positions in any stocks mentioned.
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