UnitedHealth (UNH) stock cratered as much as 22% Thursday after its first quarter earnings missed expectations and the company cut its full-year profit guidance, dragging down the blue chip Dow Jones Industrial Average(^DJI).
The health insurance giant now expectsadjusted full-year profits to fall in a range between $26 and $26.50 per share, down from its prior forecast for adjusted EPS to come in between $29.50 and $30. Yahoo Finance