EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — UnitedHealth Group Inc. (UNH) on Tuesday reported second-quarter net income of $3.41 billion.
The Eden Prairie, Minnesota-based company said it had net income of $3.74 per share. Earnings, adjusted for amortization costs, were $4.08 per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.84 per share.
The largest U.S. health insurer posted revenue of $111.62 billion in the period, exceeding Street forecasts. Ten analysts surveyed by Zacks expected $111.55 billion.
UnitedHealth expects full-year earnings to be $16 per share, with revenue in the range of $344 billion to $345.5 billion.
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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
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