Summary Box: UnitedHealth's 1Q profit climbs 3 pct

AP News
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Posted: Apr 19, 2012 12:43 PM
Summary Box: UnitedHealth's 1Q profit climbs 3 pct

THE RESULTS: Insurer UnitedHealth Group Inc. said Thursday its first-quarter earnings climbed 3 percent to $1.39 billion, or $1.31 per share, compared to last year's quarter. Revenue grew 7 percent to $27.28 billion, and medical enrollment climbed to 35.6 million people.

WALL STREET PREDICTION: Analysts surveyed by FactSet forecast, on average, earnings of $1.16 per share on $27.01 billion in revenue.

GREATER EXPECTATIONS: UnitedHealth also raised its 2012 forecast and now expects earnings to range between $4.80 and $4.95 per share, up from a previous forecast of $4.60 to $4.80 per share. Analysts forecast earnings of $4.83 per share.