Adjusted earnings for the first quarter totaled $7.20 per share on $109.58 billion in revenue. That fell short of Wall Street expectations, which called for earnings of $7.29 per share on $111.53 billion in sales, according to FactSet.

UnitedHealth delivered disappointing second-quarter earnings and went conservative with its 2025 forecast as soaring medical costs continue to swamp insurers.

UnitedHealth shares continue to struggle after the company issued a fresh outlook for 2025, indicating revenue and adjusted earnings below Street forecasts.