UnitedHealth Issues Strong 2017 Forecast

Shares of UnitedHealth (UNH) - Get Report were higher on Tuesday after the company issued better-than-expected guidance at an investor conference. The health care company anticipates revenues for 2017 to range between $197 billion and $199 billion. Adjusted earnings are expected to be between $9.30 to $9.60 a share. Analysts had forecast earnings of $9.14 a share on revenue of $196.6 billion for 2017.

Leerink analyst Ana Gupte says that the company's guidance signifies year-over-year growth of approximately 18%, which is above estimates. Leerink has an outperform rating on the shares.

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