UnitedHealth Group Q2 Profit Tops View, But Revenues Miss; Tightens FY EPS View

(RTTNews) - UnitedHealth Group Inc. (UNH) reported that its second-quarter net earnings attributable to common shareholders increased to $1.436 billion or $1.40 per share, from $1.337 billion or $1.27 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.25 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $30.41 billion from $27.26 billion in the prior year quarter. Seventeen analysts had consensus revenue estimate of $30.50 billion for the quarter.

The company has tightened its full year 2013 net earnings outlook to a range of $5.35 to $5.50 per share from the prior estimate of $5.25 - $5.50 per share.

The company affirmed its projections for 2013 revenues of approximately $122 billion and cash flows from operations in a range of $7.2 billion to $7.6 billion.

Analysts expect the company to report earnings of $5.44 per share and revenues of $122.53 billion for fiscal 2013.