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UnitedHealth earnings up but forecast narrows
Modern Healthcare

UnitedHealth Group third-quarter earnings inched up 1% in a rare performance that failed to trump Wall Street expectations, and the nation’s largest health insurer gave a less-than-reassuring vibe to investors by narrowing its 2013 forecast instead of raising it.

The Minnetonka, Minn.-based company said Thursday that it raised the bottom end of its previous forecast for 2013 earnings by a nickel to $5.40 to $5.50 per share. UnitedHealth hasn’t changed the top end of that forecast since it made its first prediction for the year last November. Analysts polled by FactSet expect $5.52 per share for 2013.