EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — UnitedHealth Group Inc. (UNH) on Thursday reported first-quarter net income of $6.29 billion.
The Eden Prairie, Minnesota-based company said it had profit of $6.85 per share. Earnings, adjusted for one-time gains and costs, came to $7.20 per share.
The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $7.27 per share.
The largest U.S. health insurer posted revenue of $109.58 billion in the period, also falling short of Street forecasts. Ten analysts surveyed by Zacks expected $111.13 billion.
UnitedHealth expects full-year earnings in the range of $26 to $26.50 per share.
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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
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