News Headlines Article

UnitedHealth raises 2016 earnings outlook as first quarter beats
Reuters

Health insurer UnitedHealth Group Inc (UNH.N) on Tuesday raised its expectations for 2016 profit, in part because of a more favorable tax rate that also helped it beat Wall Street expectations for the first quarter.

Lower sales and administrative costs and a lower amortization of intangible assets also helped its first quarter profit rise about 9 cents more than analysts expected.

UnitedHealth shares gained 2 percent in early morning trading to $130.52.

Commands