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UnitedHealth Group Inc (NYSE: UNH) on Friday raised its earnings guidance for the year as it topped analysts’ expectations in the second quarter.
UnitedHealth said it now expects adjusted profit in 2022 between $21.40 and $21.90 per share, compared with $21.20 to $21.70 per share forecast earlier.
Shares of the company rose 4.5% in morning trade.
The healthcare company’s revenue grew 13% in the quarter at $80.3 billion, topping estimates of $79.68 billion.
UnitedHealth also beat adjusted earnings’ expectations as it earned $5.57 per share, compared to estimates of $5.20 per share.
Picture Credits: Reuters
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