FILE - This Tuesday, Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Jim Mone, File)

UnitedHealth revenue up 7%, raises annual outook

October 15, 2019 - 3:17 am

MINNEAPOLIS (AP) — UnitedHealth is reporting a 7% increase in revenue for the third quarter and it's raising its outlook for the year.

The largest U.S. health insurer posted earnings of $3.54 billion, or $3.67 per share. Earnings, adjusted for one-time gains and costs, were $3.88 per share, which is 8 cents better than Wall Street was expecting, according to a survey of analysts by Zacks Investment Research.

The Minneapolis company on Tuesday said revenue was $60.35 billion, also topping projections.

UnitedHealth expects full-year earnings between 14.90 and $15 per share, which is 15 cents better than previous forecasts.

Shares of UnitedHealth Group Inc. closed down slightly on Monday.

_____

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