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Why UnitedHealth Stock Is Sinking Today

TheMotleyFool

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Shares of UnitedHealth Group (NYSE: UNH) are falling on Tuesday, down 5.4% as of 2:20 p.m. ET. The drop comes as the S 500 (SNPINDEX: ^GSPC) declined 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.2%.

The troubled health insurance giant set worse-than-expected guidance on Tuesday.

The company reported its Q2 financials today, revealing the insurer is still very much struggling. The company was able to deliver on revenue, reporting $111.62 billion versus the expected $111.52 billion, but it missed significantly on earnings per share (EPS), reporting $4.08 per share when Wall Street expected $4.48 per share.

Source Fool.com