UnitedHealth Group says its second-quarter earnings slipped 2 percent on a rise in taxes and other expenses, but the nation's largest health insurer still trumped analyst expectations.
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The Minnetonka, Minnesota, company also raised the low end of the earnings range it forecasts for this year.
UnitedHealth says it earned $1.41 billion, or $1.42 per share, in the three months that ended June 30. That's down from $1.44 billion, or $1.40 per share, in the 2013 quarter. Revenue rose 7 percent to $32.57 billion.
Analysts expect earnings of $1.26 per share on $31.9 billion in revenue.
UnitedHealth Group Inc. is the first insurer to report earnings every quarter. Many see it as a bellwether for other insurers.