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News > Companies
UnitedHealth tops forecast
July 27, 2001: 6:41 a.m. ET

Insurer posts record 2Q results and sees '01, '02 growth in line with forecasts
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NEW YORK (CNNfn) - Insurer UnitedHealth Group posted record second-quarter earnings and revenue Friday, surpassing estimates, and said that growth through next year should be in line with forecasts.

Net income for the Minneapolis-based company rose to $223 million, or 68 cents a diluted share, from $170 million, or 50 cents a share, in the year-earlier quarter. Analysts surveyed by the research firm First Call were looking for earnings per share of 66 cents.

Revenue rose 11.4 percent to $5.8 billion, as premium revenue rose 10 percent to $5.1 billion.

The company said it anticipates full-year earnings will rise about 30 percent over last year's results, while 2002 earnings will gain an additional 15 percent. That's generally in line with First Call's forecast, which sees 2001 EPS of $2.68, up from $2.10 in 2000, and an estimated 2002 EPS of $3.10.

Shares of UnitedHealth (UNH: Research, Estimates) gained 55 cents to $65.01 in trading Thursday. graphic





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.