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July 18, 2019, 6:07 a.m. EDT

UnitedHealth lifts 2019 profit forecast after topping second-quarter estimates

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By Steve Goldstein

UNH

UnitedHealth /zigman2/quotes/210453738/composite UNH +1.31% said it was lifting its 2019 profit outlook after reporting second-quarter earnings of $3.29 billion, or $3.42 a share, an increase from $2.92 billion, or $2.98 a share, in the year-earlier period. Revenue rose to $60.59 billion from $56.09 billion, which the company attributed to led by double-digit percentage revenue growth at UnitedHealthcare Medicare & Retirement, OptumRx and OptumHealth. On an adjusted measure, the company said it earned $3.60 a share, helped by the deferral of the health insurance tax. Analysts polled by FactSet expected earnings of $3.45 a share on revenue of $60.55 billion. The company said it was lifting its full-year adjusted EPS forecast to a range of $14.70 to $14.90, against analyst expectations of $14.70.

/zigman2/quotes/210453738/composite
US : U.S.: NYSE
$ 240.44
+3.12 +1.31%
Volume: 4.64M
April 2, 2020 6:30p
P/E Ratio
16.78
Dividend Yield
1.80%
Market Cap
$225.12 billion
Rev. per Employee
$754,157
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