Health insurance provider UnitedHealth Group Inc. (
) on Thursday posted better-than-expected fourth quarter earnings,
but left its 2012 forecast unchanged.
The Minnetonka, MN-based company reported fourth quarter net
income of $1.26 billion, or $1.17 per share, compared with $1.04
billion, or 94 cents per share, in the year-ago period.
Revenue rose 8% from last year to $25.92 billion.
On average, Wall Street analysts expected a much smaller profit
of $1.03 per share, on lower revenue of $25.64 billion.
Looking ahead, UNH backed its previously-announced 2012 forecast
for earnings of $4.55 to $4.75 per share, on revenue of $107
billion to $108 billion. Wall Street analysts are looking for
higher full-year earnings of $4.77 per share.
UnitedHealth Group shares rose 48 cents, or +0.9%, in premarket
The Bottom Line
Shares of UnitedHealth Group (
) have a 1.21% dividend yield, based on last night's closing stock
price of $53.94. The stock has technical support in the $48-$50
price area. If the shares can continue their recent momentum, we
see overhead resistance around the $58 price level.
UnitedHealth Group Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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