Earnings Results: UnitedHealth raises full-year profit outlook after strong second quarter

UnitedHealth Group Inc. raised its full-year profit outlook on Thursday after reporting second-quarter earnings that topped Wall Street expectations.

The parent of the largest health insurer in the U.S. UNH, -2.19% raised its full-year earnings per share guidance to $13.95 to $14.15 from the prior guidance of $13.80 to $14.05. Full-year adjusted earnings per share is now expected to range from $14.70 to $14.90, up from its previous forecast of $14.50 to $14.75.

Profit for the latest quarter rose 13% to $3.293 billion, or $3.42 a share, compared with $2.922 billion, or $2.98 a share, a year ago.

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