UnitedHealth Growing Earnings Through Reform (UNH)
UnitedHealth Group, Inc. (NYSE: UNH) reported second quarter revenues and earnings and it appears that the world of healthcare insurance is not being killed yet by “reform.” Revenues increased 8 per cent year-over-year at $23.7 billion versus analysts’ expectations of…
The second quarter 2011 medical care ratio was 81.4 percent, a drop of 10 basis points year-over-year.
Based on its second quarter results, the company updated guidance for the year. UnitedHealth now forecasts 2011 revenues of $101 billion and net earnings in the range of $4.15 to $4.25 per share. Both revenue and earnings guidance were largely in line with prior consensus estimates of $101.5 billion for revenues and earnings of $4.17 per share.
The shares recently closed at $51.95 and shares have fluctuated from up marginally to down marginally in pre-market trading. The 52-week price range is $29.55 to $53.50.
JIM BERDOU
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
