UnitedHealth: Q2 Earnings Snapshot

MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — UnitedHealth Group Inc. (UNH) on Tuesday reported second-quarter net income of $4.22 billion.

On a per-share basis, the Minnetonka, Minnesota-based company said it had net income of $4.54. Earnings, adjusted for one-time gains and costs, came to $6.80 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $6.65 per share.

The largest U.S. health insurer posted revenue of $98.86 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $98.71 billion.

UnitedHealth expects full-year earnings in the range of $27.50 to $28 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNH at https://www.zacks.com/ap/UNH