INDIANAPOLIS ? UnitedHealth Group says its third-quarter net income edged slightly lower, but it still topped Wall Street expectations and the health insurer raised its 2011 earnings forecast.
UnitedHealth earned $1.27 billion, or $1.17 per share, in the three months that ended Sept. 30. That compares with $1.28 billion, or $1.14 per share, in the same quarter last year. Revenue rose 7 percent to $25.28 billion.
Analysts forecast earnings of $1.12 per share on $25.41 billion in revenue.
The company, based in Minnetonka, Minn., said Tuesday that it now expects 2011 earnings to range between $4.40 and $4.45 per share, up from $4.15 to $4.25 per share.
UnitedHealth is the largest health insurer based on revenue and the first to report earnings every quarter.
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