EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — UnitedHealth Group Inc. (UNH) on Tuesday reported third-quarter earnings of $2.35 billion.
On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of $2.59. Earnings, adjusted for amortization costs, came to $2.92 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.75 per share.
The largest U.S. health insurer posted revenue of $113.16 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $113.36 billion.
UnitedHealth expects full-year earnings to be $16.25 per share.
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