UnitedHealth stock craters in worst day since 1998 on ‘unusual and unacceptable’ results
UnitedHealth (UNH) stock cratered just over 22% Thursday — its biggest single-day drop since August 1998 — after its first quarter earnings missed expectations and the company cut its full-year profit guidance. The health insurance giant now expects adjusted full-year profits to fall in a range between $26 and $26.50 per share, down from its…