Unitedhealth Group, Inc. Q2 adjusted earnings Beat Estimates

Unitedhealth Group, Inc. (UNH) revealed earnings for its second quarter that climbed from the same period last year.

The company’s profit totaled $2.92 billion, or $2.98 per share. This compares with $2.28 billion, or $2.32 per share, in last year’s second quarter.

Excluding items, Unitedhealth Group, Inc. reported adjusted earnings of $3.09 billion or $3.14 per share for the period.

Analysts had expected the company to earn $3.04 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 12.1% to $56.09 billion from $50.05 billion last year.

Unitedhealth Group, Inc. earnings at a glance:

-Earnings (Q2): $3.09 Bln. vs. $2.42 Bln. last year.
-EPS (Q2): $3.14 vs. $2.46 last year.
-Analysts Estimate: $3.04
-Revenue (Q2): $56.09 Bln vs. $50.05 Bln last year.

Full year EPS guidance: $12.50 to $12.75

by RTTNews Staff Writer

Source: Read Full Article