UnitedHealth Lifts Profit Targets on Stronger Sales

Date : 07/18/2019 @ 2:03PM
Source : Dow Jones News
Stock : UnitedHealth Group Inc (UNH)
Quote : 241.0  -3.71 (-1.52%) @ 8:51PM

UnitedHealth Lifts Profit Targets on Stronger Sales

UnitedHealth (NYSE:UNH)
Historical Stock Chart

2 Months : From Jun 2019 to Aug 2019

Click Here for more UnitedHealth Charts.
By Kimberly Chin 

UnitedHealth Group Inc. boosted its 2019 earnings targets after reporting a strong first half of the year, driven by broader sales growth in premiums, products and services.

The full-year earnings outlook was bumped up to $13.95 to $14.15 a share, up from its previous forecast of $13.80 to $14.05 a share. Adjusted earnings are expected to come in between $14.70 to $14.90 a share, compared with earlier projections of $14.50 to $14.75 a share.

The parent of the nation's largest health insurer said profit climbed 13% from a year earlier to $3.29 billion, or $3.42 a share. Analysts polled by FactSet expected earnings of $3.28 a share.

UnitedHealth posted an adjusted profit of $3.60 a share, topping analysts' estimates of $3.45 a share.

Overall revenue rose 8% to $60.6 billion from a year ago. Analysts were looking for $60.55 billion. Revenue from the UnitedHealthcare segment rose 6% to $48.59 billion and sales from its Optum segment increased 13% to $28.03 billion.

UnitedHealth's shares jumped 1.7% premarket on low trading volume.

 

(END) Dow Jones Newswires

July 18, 2019 08:48 ET (12:48 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest UNH Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.