UnitedHealth beats Street 3Q forecasts

UnitedHealth on Thursday reported third-quarter earnings of $1.6 billion.

The Minneapolis-based company said it had profit of $1.63 per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.

The largest U.S. health insurer posted revenue of $32.76 billion in the period, which also topped Street forecasts. Analysts expected $32.68 billion, according to Zacks.

UnitedHealth expects full-year earnings to be $5.60 to $5.65 per share.

UnitedHealth shares have risen 9 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 1 percent. The stock has risen 11 percent in the last 12 months.

This story was generated by Automated Insights using data from Zacks Investment Research. UNH stock research report from Zacks.