MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — UnitedHealth Group Inc. (UNH) on Tuesday reported a loss of $1.41 billion in its first quarter.
On a per-share basis, the Minnetonka, Minnesota-based company said it had a loss of $1.53. Earnings, adjusted for one-time gains and costs, came to $6.91 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $6.63 per share.
The largest U.S. health insurer posted revenue of $99.8 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $99.25 billion.
UnitedHealth expects full-year earnings in the range of $27.50 to $28 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNH at https://www.zacks.com/ap/UNH
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