FILE - This Oct. 16, 2012, file photo, shows part of the UnitedHealth Group, Inc. campus in Minnetonka, Minn. UnitedHealth Group Inc. reports earnings Tuesday, Oct. 16, 2018. (AP Photo/Jim Mone, File)

UnitedHealth beats all around in 3Q, raises outlook

October 16, 2018 - 5:27 am

The Associated Press

MINNEAPOLIS (AP) — UnitedHealth is reporting better-than-expected profits and revenue for the third quarter and the company raised its outlook on strong trends in the insurance business.

Earnings jumped almost 30 percent to $3.19 billion, or $3.24. Earnings, adjusted for one-time gains and costs, came to $3.41 per share, which is 11 cents better than Wall Street was projecting, according to a survey by Zacks Investment Research.

The largest U.S. health insurer posted revenue of $56.56 billion, also topping expectations.

UnitedHealth Group Inc., based in Minneapolis, said Tuesday that it now expects per-share earnings of $12.80 this year, up from $11.80 to $12.05.

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Portions of 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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