UnitedHealth's Quarterly Profit Figures Exceeded Expectations

UnitedHealth Group Inc. (UNH), based in Edin Prairie, Minnesota, announced its third-quarter earnings. The company reported a net profit of $2.35 billion for this period.

Earnings per share were reported at $2.59. When accounting for depreciation expenses, earnings per share rose to $2.92.

These results exceeded Wall Street expectations. In a survey conducted by Zacks Investment Research, 10 analysts predicted earnings per share would be $2.75.

As the largest health insurer in the United States, UnitedHealth reported total revenue of $113.16 billion for this period; however, this figure fell short of market expectations. In another survey by Zacks, eight analysts had expected total revenue to be $113.36 billion.

The company forecasts full-year earnings per share of $16.25.