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UnitedHealth’s quarterly profit beats estimates

“FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the NYSE in New York Thomson Reuters (Reuters) – UnitedHealth Group Inc, the largest U.S. health insurer, raised its earnings forecast for the year and posted a quarterly profit that beat Wall Street estimates, helped by strength across its businesses” reports businessinsider.com. The company raised its full-year adjusted earnings forecast to a range of $12.40 to $12.65 per share from a range of $12.30 to $12.60 per share.Net earnings attributable to shareholders rose to $2.84 billion, or $2.87 per share, in the first quarter ended March 31 from $2.17 billion, or $2.23 per share, a year earlier.Analysts on average were expecting earnings of $2.89 per share on revenue of $54.86 billion, according to Thomson Reuters I/B/E/S. The company’s medical care ratio, or the percentage of premiums paid out for medical services, improved to 81.4 percent in the quarter from 82.4 percent last year.
 
Source: businessinsider.com



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