UnitedHealth Shares Rise on Earnings Beat

Date : 10/15/2019 @ 2:45PM
Source : Dow Jones News
Stock : UnitedHealth Group Inc (UNH)
Quote : 274.35  4.95 (1.84%) @ 6:24PM

UnitedHealth Shares Rise on Earnings Beat

UnitedHealth (NYSE:UNH)
Historical Stock Chart

2 Months : From Sep 2019 to Nov 2019

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   By Dave Sebastian 
 

Shares of UnitedHealth Group Inc. (UNH) rose nearly 6%, to $233, after the company posted third-quarter results that beat expectations.

The parent of the nation's largest health insurer 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.

Earnings rose to $3.67 a share, up 13% from the comparable period last year. Analysts were expecting $3.55 a share.

The Minnesota-based company raised its profit guidance for 2019 to be between $14.15 a share and $14.25 a share from 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 10:30 ET (14:30 GMT)

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

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