Health benefits provider UnitedHealth Group Inc. (
) said Thursday that its fiscal fourth quarter profit rose 10% from
last year, beating analyst expectations.
The Minnetonka, MN-based company reported fourth quarter net
income $1.04 billion, or 94 cents per share, compared with $944
million, or 81 cents per share, in the year-ago period.
Revenue also rose 10% from last year, to $24.03 billion.
On average, Wall Street analysts expected a smaller profit of 84
cents per share, on lower revenue of $23.7 billion.
UnitedHealth shares were mostly flat in premarket trading
The Bottom Line
Shares of UnitedHealth (
) have a 1.22% dividend yield, based on last night's closing stock
price of $40.88. The stock has technical support in the $36-$38
price area. If the shares can firm up, we see overhead resistance
around the $43-$45 price levels.
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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