UnitedHealth profit falls, but results beat Street
UnitedHealth Group Inc
Net income at the largest U.S. health insurer by market value fell to $984 million, or 81 cents per share, from $994 million, or 78 cents per share, a year earlier, when the company had more shares outstanding.
Analysts on average were expecting 67 cents, according to Reuters Estimates.
Shares of Minneapolis-based UnitedHealth have fallen about 9 percent in 2009, compared with a 7 percent drop for the S&P Managed Health Care index <.GSPHMO>, amid broad concerns about the financial impact of U.S. health reform measures.
(Reporting by Lewis Krauskopf; Editing by Lisa Von Ahn)
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