On Thursday, Shares of UnitedHealth Group Inc (NYSE:UNH), lost -1.57% to $120.15.
UnitedHealth Group, stated third quarter results, highlighted by ongoing, strong diversified growth.
Merged year-to-date results reflected continued steady growth and balanced performance across the Company. Revenues for the nine months ended September 30, 2015 grew 17 percent year-over-year to $113.5 billion, net earnings to common shareholders grew 12 percent to $4.6 billion and cash flows from operations were $6.2 billion, surpassing net earnings by $1.6 billion. UnitedHealthcare and Optum each produced double digit percentage improvements in revenues and earnings from operations over the nine-month period. The Company continues to project 2015 net earnings in a range of $6.25 to $6.35 per share, and cash flows from operations of $8.4 billion to $8.6 billion.
“Our 2015 results are reflecting balanced growth across a diversity of businesses and product categories. We believe this growth will continue because we are serving people more effectively, simplifying their health care experiences, and offering practical innovations that assist deliver more value to the consumer and the health care system as a whole,” said Stephen J. Hemsley, chief executive officer of UnitedHealth Group.
UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s United Healthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.
Shares of Charles Schwab Corp (NYSE:SCHW), inclined 2.95% to $28.60, during its last trading session.
The Charles Schwab Corporation declared recently that its net income for the third quarter of 2015 was $376 million, up 7% from $353 million for the second quarter of 2015, and up 17% from $321 million for the third quarter of 2014. Net income for the nine months ended September 30, 2015 was $1.0 billion, up 6% from the year-earlier period.
CEO Walt Bettinger said, Schwabs third quarter results reflect the continued success of our through clients eyes strategy and our contemporary approach to assisting clients manage their wealth. As we assisted investors navigate recent market volatility, we also drove solid business growth. Core net new assets were $30.8 billion in the third quarter, bringing our year-to-date total to $102.0 billion. In addition, clients opened 254,000 new brokerage accounts, up 11% year-over-year. Faced with economic uncertainty and the resulting market volatility, investors increasingly turned to our advice offerings throughout the quarter. About 36,000 accounts enrolled in one of our retail advisory solutions during the last three months, 57% more than the year-earlier period, and total accounts using these solutions reached 550,000, up 13% year-over-year. Total client assets were $2.42 trillion, up 1% from a year ago, reflecting the $117.5 billion impact of reduced market valuations on client portfolios over the last 12 months. We finished the quarter serving 9.7 million brokerage accounts, 1.0 million banking accounts, and 1.5 million retirement plan participants, up 4%, 6% and 6%, respectively, from a year ago.
Schwab has built out a wide range of full-service investing and wealth administration capabilities to support investors through market conditions like those practiced this August, Mr. Bettinger continued. During that month, the S&P 500 ® dropped 11% in six trading days and the CBOE Volatility Index ® spiked to 41 on the 24 th after averaging 14 for the preceding four weeks. Throughout this period, we proactively engaged investors across multiple channels to discuss developments and appropriate courses of action. Schwabs senior investment strategists and other experts shared our point of view through a series of published perspectives; TV, radio and print news stories; and recorded video commentaries. As volatility peaked, we reached out to over 4.5 million clients and prospects via email, assisting connect them with our insights and service representatives. During the week of August 24 th , client and prospect visits to our website raised 35% and 58%, respectively, from the preceding week. At the same time, total calls to Schwab representatives raised 26%.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Finally, Mattel, Inc. (NASDAQ:MAT), ended its last trade with 0.04% gain, and closed at $22.53.
For the third quarter of 2015, Mattel, stated worldwide net sales down 4% in constant currency, adjusted operating income of $321.6 million and adjusted earnings per share of $0.71.
“Our results for the quarter, not taking into account the noteworthyimpact from currency exchange rates, were broadly in line with our expectations at this stage of our turnaround,” said Christopher Sinclair, Mattel Chairman and CEO. “Importantly, we’re very encouraged by the progress we are making on reenergizing the company, building momentum in our core brands, improving retail execution, reducing costs and building scale in key emerging markets. As we continue our turnaround efforts, we remain comfortable with our full-year outlook.”
Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, counting Barbie, Monster High, Disney Classics, Ever After High, Little Mommy, Polly Pocket, Hot Wheels, Matchbox, CARS, Disney Planes, BOOMco, Radica, Toy Story, Max Steel, WWE Wrestling, and Batman.
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