UnitedHealth Group beats 2Q earnings and revenue expectations

Industries Associated Press

UnitedHealth Group Inc. (UNH) on Thursday reported second-quarter net income of $1.59 billion.

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The Minnetonka, Minnesota-based company said it had net income of $1.64 per share.

The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The largest U.S. health insurer posted revenue of $36.26 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $35.74 billion.

UnitedHealth expects full-year earnings to be $6.25 to $6.35 per share, with revenue expected to be $154 billion.

UnitedHealth shares have risen 25 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 2 percent. The stock has increased 50 percent 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 http://www.zacks.com/ap/UNH

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Keywords: UnitedHealth Group, Earnings Report, Priority Earnings