UnitedHealth Group Inc. (UNH) on Thursday reported second-quarter net income of $1.59 billion.
The Minnetonka, Minnesota-based company said it had net income of $1.64 per share.
Continue Reading Below
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.
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
Keywords: UnitedHealth Group, Earnings Report, Priority Earnings