UnitedHealth Group's quarterly results showed strong revenue growth, but the Change cyber attack impacted earnings. The attack caused disruption costs and a loosening of pre-authorization rules, resulting in a higher medical loss ratio. Optum Health, a major division, experienced revenue gains but also incurred cyber attack costs. Overall, UnitedHealth's transparency in reporting allows investors to understand the impact of such events on its financial performance.
Block reported strong Q4 earnings, surpassing estimates with $5.77 billion in revenue and 22% growth in gross profit. Both its Square and Cash App divisions performed well, with Cash App's gross profit increasing by 25% and monthly active users reaching 56 million. Despite cost-cutting measures, Block faced challenges with its Afterpay acquisition. Wall Street responded positively, upgrading ratings and raising price targets for the company.
