UPDATE: UnitedHealth Posts Q4 Profit
UnitedHealth Group (NYSE: UNH) reported fourth-quarter profit.
UnitedHealth's quarterly net income came in at $1.24 billion, or $1.20 per share, versus $1.26 billion, or $1.17 per share, in the year-ago period. Its shares outstanding fell 3.5% to 1.04 billion.
Its revenue rose to $28.77 billion from $25.92 billion. However, analysts were expecting a profit of $1.20 per share on revenue of $28.23 billion.
UnitedHealth projects 2013 earnings of $5.25 to $5.50 per share on revenue of $123 billion to $124 billion. However, analysts were expecting earnings of $5.56 per share on revenue of $122.07 billion.
UnitedHealth shares closed at $53.66 yesterday.
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