United Healthcare (UNH - Get Report) on Tuesday reported first-quarter earnings that beat analysts' forecasts, and lifted its outlook on expectations that it will continue to expand benefits while managing costs, wrote TheStreet's M. Corey Goldman.
The New York-based company said it earned $35.6 billion, or $3.73 a share on an adjusted basis, vs. $29.2 billion, or $3.04 a share, in the comparable year-earlier period. Analysts surveyed by FactSet had been expecting per-share earnings of $3.60 a share.
Revenue rose to $60.3 billion from $55.2 billion a year ago. Revenue from the company's Optum segment rose 11.9% to $26.4 billion.
Premiums in the quarter jumped 7.8% to $47.51 billion, beating analysts' forecasts.
United is Real Money's Stock of the Day.
Jim Cramer weighs in on why he picked United as the Stock of the Day after the company reported earnings Tuesday morning.