UnitedHealth expects sizable profit jump next year

  • Article by: THOMAS LEE , Star Tribune
  • Updated: November 26, 2012 - 5:19 PM

The healthcare giant is likely to benefit from the Affordable Care Act as the federal government and states start to implement the law.

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United Healthcare's headquarters building in Minnetonka.

Photo: Bruce Bisping, Star Tribune

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UnitedHealth Group Inc. said Monday that it expects to generate $123 billion to $124 billion in revenue for fiscal 2013 and earnings of $5.25 to $5.50 per share.

The Minnetonka-based health insurance giant also reaffirmed its fiscal 2012 profit forecast of $5.20 to $5.25 per share.

Analysts expect, on average, earnings of $5.60 per share on $118.6 billion in revenue, according to FactSet.

UnitedHealth is hosting its annual investors meeting in New York this morning.

-- The Associated Press contributed to this report.

Thomas Lee • 612-673-4113

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