UnitedHealth Reports Fourth-quarter Results Top Forecasts
Jan, 17th 12:59
Shares of UnitedHealth Group Inc. rose 0.23% at 162.18 in premarket trading on Tuesday following the company’s report that showed a 56% increase in profit in the latest quarter.
The largest U.S. health care insurer reported net income of $1.90 billion, or $1.96 a share, compared with $1.22 billion, or $1.26, in the year-ago quarter. Excluding one-time items, UnitedHealth earned $2.11 a share, topping $1.40 a share reported one year ago.
UnitedHealth Group, which is the first health care insurer to report earnings, saw revenue rise 9% to $47.52 billion in December quarter – a level that beat analysts’ forecast of $47.26 billion.
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