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.