UnitedHealth Group Boosts Forecast as Q2 Earnings Beat the Street (UNH)

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Health benefits provider UnitedHealth Group Inc. ( UNH ) on Thursday posted better-than-expected second quarter earnings results and lifted its full-year outlook.

The Minnetonka, MN-based company reported second quarter net income of $1.34 billion, or $1.27 per share, compared with $1.27 billion, or $1.16 per share, in the year-ago period.

Revenue rose 8% from last year to $27.27 billion.

On average, Wall Street analysts expected a much smaller profit of $1.19 per share, albeit on higher revenue of $27.34 billion.

Looking ahead, UNH said it now expects full-year earnings to range from $4.90 to $5 per share, up from a prior outlook of $4.80 to $4.95 per share.

UnitedHealth Group shares rose $1.40, or +2.5%, in premarket trading Thursday.

The Bottom Line
Shares of UnitedHealth Group ( UNH ) have a 1.51% dividend yield, based on last night's closing stock price of $56.35. The stock has technical support in the $50-$54 price area. The stock is trading near the all-time high levels of $60-$62 a share.

UnitedHealth Group Inc. ( UNH ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com

This article appears in: Investing , Stocks

Referenced Stocks: UNH

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