UnitedHealth: 2Q Earnings Snapshot
Posted Jul 18, 2019 07:04:56 AM.
MINNEAPOLIS (AP) _ UnitedHealth Group Inc. (UNH) on Thursday reported second-quarter earnings of $3.29 billion.
The Minneapolis-based company said it had net income of $3.42 per share. Earnings, adjusted for one-time gains and costs, were $3.60 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.46 per share.
The largest U.S. health insurer posted revenue of $60.6 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $60.67 billion.
UnitedHealth expects full-year earnings in the range of $14.70 to $14.90 per share.
UnitedHealth shares have increased 7% since the beginning of the year, while the Standard & Poor’s 500 index has risen 19%. The stock has climbed 6.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNH at https://www.zacks.com/ap/UNH
The Associated Press
