MINNEAPOLIS (AP) — UnitedHealth Group Inc. is reporting fourth-quarter net income of $1.9 billion.
The Minneapolis-based company said it had net income of $1.96 per share. Earnings, adjusted for amortization costs, came to $2.11 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.
The largest U.S. health insurer posted revenue of $47.52 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $46.86 billion.
UnitedHealth expects full-year earnings in the range of $9.30 to $9.60 per share, with revenue in the range of $197 billion to $199 billion.
UnitedHealth shares have climbed 1 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 2 percent. The stock has increased 46 percent in the last 12 months.