UnitedHealth 1Q earnings jump 30 percent
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UnitedHealth Group is reporting first-quarter earnings of $2.84 billion, a jump of more than 30 percent from last year, with broad growth for the nation's largest health insurer.
Per-share net income reported Tuesday was $2.87, or $3.04 when adjusted for amortization costs, which is 12 cents better than expect on Wall Street, according to a poll by Zacks Investment Research.
Revenue of $55.19 billion also beat expectations easily.
UnitedHealth, based in Minnetonka, expects full-year earnings between $12.40 and $12.65 per share.
Shares of UnitedHealth Group Inc. rose almost 3 percent before the opening bell.
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