UnitedHealth shares move higher on earnings beat

UnitedHealth shares move higher on earnings beat
FILE - This Tuesday, Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Jim Mone, File)

MINNEAPOLIS (AP) — UnitedHealth is reporting that profits slipped in the fourth quarter but it still beat most expectations.

The country’s biggest health insurer on Tuesday posted a profit of profit of .04 billion, or .10 per share. Earnings, adjusted for amortization costs, came to .28 per share, which is 8 cents better than industry analysts expected, according to a survey by Zacks Investment Research.

Revenue of .42 billion also topped the .94 billion expected on Wall Street.

UnitedHealth Group Inc., based in Minneapolis, expects full-year earnings in the range of .40 to .70 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