Insurers Rise With UnitedHealth Earnings Beat
October 15 2019 - 11:54AM
Dow Jones News
By Dave Sebastian
Shares of managed-care companies rose after UnitedHealth Group
Inc. (UNH) posted better-than-expected third-quarter results and
raised its profit guidance.
Anthem Inc. (ANTM) shares rose 6.9%, and those of Cigna Corp.'s
(CI) rose 6%. Humana Inc. (HUM) posted a 5% gain, while Centene
Corp. (CNC) shares rose 4.3%.
UnitedHealth posted sales of $60.35 billion for the third
quarter, up 6.71% from the comparable quarter a year ago and
beating the $59.76 billion analysts polled by FactSet had
expected.
The Minnesota-based company's earnings rose to $3.67 a share, up
13% from the comparable period last year. Analysts were expecting
$3.55 a share.
The company said it expects profit for the full year to be
between $14.15 a share and $14.25 a share, compared with its
previous forecast of $13.95 a share to $14.15 a share.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 15, 2019 11:39 ET (15:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Cigna (NYSE:CI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Cigna (NYSE:CI)
Historical Stock Chart
From Sep 2023 to Sep 2024