UnitedHealth Gives Upbeat Outlook for 2017
November 28 2016 - 6:20PM
Dow Jones News
UnitedHealth Group on Monday preannounced guidance for next year
that topped expectations ahead of the health insurer's annual
investor conference.
The company, which also affirmed its 2016 per-share earnings
outlook, plans to provide more details Tuesday during the investor
event.
For 2017, UnitedHealth said it was introducing guidance for
adjusted per-share earnings of $9.30 to $9.60 and revenue of $197
billion to $199 billion. Analysts polled by Thomson Reuters had
forecast per-share earnings of $9.14 and revenue of $196.6
million.
UnitedHealth last month had dropped hints of good news about its
2017 outlook, saying it would provide details during its investor
day. In October the company said that it was "comfortable" with
analysts' 2017 earnings projections and that it could "potentially
see" its per-share earnings view reflecting a modestly stronger
growth outlook. The company also had said it would be aided by
expected growth in its business and its planned exit from nearly
all of its unprofitable Affordable Care Act plans.
Shares of the company rose 1.9% to $155 after hours.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
November 28, 2016 18:05 ET (23:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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