MINNETONKA, Minn. (AP) _ UnitedHealth Group Inc. (UNH) on Tuesday reported first-quarter earnings of $2.84 billion.
The Minnetonka, Minnesota-based company said it had net income of $2.87 per share. Earnings, adjusted for amortization costs, were $3.04 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share.
The largest U.S. health insurer posted revenue of $55.19 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $54.86 billion.
UnitedHealth expects full-year earnings in the range of $12.40 to $12.65 per share.
UnitedHealth shares have climbed 4.5 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 38 percent in the last 12 months.
Fire crews battle 2-alarm blaze at former Villa Town motel
Walker & Dunlop Closes $17 Million Seniors Housing Loan
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News