Watch CBS News

UnitedHealth Raises Outlook After Better-Than-Expected 3Q Profits

MINNEAPOLIS (AP) — UnitedHealth is reporting better-than-expected profits and revenue for the third quarter and the company raised its outlook on strong trends in the insurance business.

Earnings jumped almost 30 percent to $3.19 billion, or $3.24. Earnings, adjusted for one-time gains and costs, came to $3.41 per share, which is 11 cents better than Wall Street was projecting, according to a survey by Zacks Investment Research.

The largest U.S. health insurer posted revenue of $56.56 billion, also topping expectations.

UnitedHealth Group Inc., based in Minneapolis, said Tuesday that it now expects per-share earnings of $12.80 this year, up from $11.80 to $12.05.

(© Copyright 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.