UnitedHealth: Q2 Earnings Snapshot | Business News

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MINNETONKA, Minn. (AP) _ UnitedHealth Group Inc. (UNH) on Friday reported second-quarter profit of $5.07 billion.

On a per-share basis, the Minnetonka, Minnesota-based company said it had profit of $5.34. Earnings, adjusted for amortization costs, were $5.57 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $5.24 per share.

The largest U.S. health insurer posted revenue of $80.33 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $79.58 billion.

UnitedHealth expects full-year earnings in the range of $21.40 to $21.90 per share.


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 https://www.zacks.com/ap/UNH

Copyright by Automated Insights, Inc. All rights reserved.

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