UnitedHealth Quarterly Earnings, Revenue Beat Expectations

By Carla MozeeMarketWatch Pulse

UnitedHealth Group Inc. on Tuesday posted quarterly earnings and sales that were higher than analysts had expected. The health insurance provider said fourth-quarter earnings were $1.22 billion, or $1.26 a share, compared with $1.51 billion, or $1.55 a share, a year ago. Adjusted per-share earnings were $1.40. Analysts polled by Thomson Reuters were looking for adjusted earnings of $1.38 a share. Revenue at UnitedHealth for the most recent period was $43.6 billion, up 30% from $33.43 billion a year earlier. UnitedHealth affirmed its 2016 outlook, including estimated revenue of more than $180 billion and adjusted-earnings growth to a range of $7.60 to $7.80 a share. Shares of UnitedHealth were up 3.3% in scant premarket volume after the results.

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