UnitedHealth Group reported second quarter net income of $5.48 billion as medical costs dropped, triggering an improved financial outlook for the rest of the year.

UnitedHealth Group shares are in the spotlight Wednesday as the company is expected to report Q2 results on Thursday before the market opens.

UNH to release Q2 earnings on July 16, with expectations of $4.85/share and $110.82B revenue. Analysts raise price targets, dividend at 2.18%.