UnitedHealth shares up premarket after earnings beat estimates, raises guidance

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UnitedHealth Group Inc. shares
UNH,
+0.08%
jumped 1.7% in premarket trade Thursday, after the health benefits company beat earnings estimates for the third quarter and raised its guidance. The company posted net income of $4.086 billion, or $4.28 a share, up from $3.172 billion, or $3.30 a share, in the year-earlier period. Adjusted per-share earnings came to $4.52, ahead of the $4.41 FactSet consensus. Revenue rose to $72.337 billion from $65.115 billion, also ahead of the $71.347 billion FactSet consensus. The company raised its full-year guidance and now expects EPS to range from $17.70 to $17.95, and for adjusted EPS to range from $18.65 to $18.90. The FactSet consensus is for full-year EPS of $18.75. Shares have gained 15% in the year to date, while the Dow Jones Industrial Average [s :djia] has gained 12%.

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