UnitedHealth Sales Rise Across Segments
January 15 2019 - 6:55AM
Dow Jones News
By Kimberly Chin
UnitedHealth Group Inc. said sales grew in the fourth quarter as
the company continued to see diversified revenue growth from
health-care plan membership, premiums and its network of health
services.
Revenue rose 12.2% to $58.42 billion from a year ago. Analysts
polled by Refinitiv were expecting sales of $58.01 billion. Revenue
from its UnitedHealthcare segment rose by 11% to $46.2 billion
while sales from its Optum segment grew by 13% to 27.6 billion.
The parent of the nation's largest health insurer said net
earnings in the period ended Dec. 31 fell 16% to $3.04 billion, or
$3.10 a share, from a year earlier. Analysts expected the company
to earn $3.05 a share.
On an adjusted basis, UnitedHealth reported profit of $3.28 a
share, compared with analysts' estimates of $3.21 a share.
UnitedHealth affirmed its guidance for the full year. It expects
to report earnings of $13.70 to $14 a share a share, and adjusted
earnings of $14.40 to $14.70 a share. It also expects cash flows
from operations to be between $17.3 billion and $17.8 billion.
Shares of UnitedHealth, which have gained 8.5% in the past 12
months, rose 2% to $253 in premarket trading.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
January 15, 2019 06:40 ET (11:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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