With a rise in net income, UnitedHealth Group (NYSE:UNH) beat Wall Street forecasts in the second quarter.
Earnings and Revenue The company's EPS outpaced analyst estimates while the company's revenues came in line with predictions. The company reported EPS of $1.27 a share versus the $1.19 a share estimate and revenues of $27.27 billion versus the $27.34 billion estimate. The estimates of 17 analysts ranged from profit of $1.15 to profit of $1.35.
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The company's net income for the quarter was $1.34 billion. This is 5.5% higher than the year-ago quarter. Revenue climbed 8% from $25.23 billion in the same period last year.
Company Fundamental Trends Last quarter marked the third in a row of rising net income. The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.
History Against Expectations The company has now topped analyst estimates for at least the last four quarters. It beat by 15 cents in the first quarter, 15 cents in the fourth quarter of the last fiscal year and 5 cents in the third quarter of the last fiscal year.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.