Unitedhealth Group, Inc. Q3 Profit Increases, beats estimates

(RTTNews) - Unitedhealth Group, Inc. (UNH) revealed earnings for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $5.84 billion, or $6.24 per share. This compares with $5.26 billion, or $5.55 per share, in last year's third quarter.

Excluding items, Unitedhealth Group, Inc. reported adjusted earnings of $6.14 billion or $6.56 per share for the period.

Analysts on average had expected the company to earn $6.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.2% to $92.36 billion from $80.89 billion last year.

Unitedhealth Group, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $5.84 Bln. vs. $5.26 Bln. last year. -EPS (Q3): $6.24 vs. $5.55 last year. -Analyst Estimate: $6.32 -Revenue (Q3): $92.36 Bln vs. $80.89 Bln last year.