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Wednesday, April 17, 2024
HomeNewsEconomyUnitedHealth Group Inc (NYSE:UNH) Posts 4Q Earnings Beating Forecast

UnitedHealth Group Inc (NYSE:UNH) Posts 4Q Earnings Beating Forecast

UnitedHealth-Group-HQ
UnitedHealth-Group-HQ

UnitedHealth Group Inc. headquarters based in Minnetonka, Minnesota. (Photo: Associated/PressAP)

UnitedHealth Group Inc (NYSE:UNH) reported an adjusted fourth-quarter (4Q) profit of $2.11 per share, beating the estimate for $2.07. The reported revenue of $47.52 billion also topped the estimate for $47.26 billion. The average estimates were of 10 analysts surveyed by Zacks Investment Research.

“We are privileged today to serve more people in more ways than ever before, and we know further growth in 2017 and beyond rests on continuing to drive ever higher quality and increasing value to consumers, care providers and customers across our spectrum of businesses,” said Stephen J. Hemsley, Chief Executive Officer (CEO) of UnitedHealth Group.

In the report, they also affirmed its 2017 financial outlook, including estimated revenues of $197 billion to $199 billion, net earnings of $8.75 to $9.05 per share, adjusted net earnings of $9.30 to $9.60 per share, and cash flows from operations of $11.5 billion to $12 billion.

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