UnitedHealth Drops After CEO Predicts Weaker First Quarter
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UnitedHealth Group Inc.’s next quarter won’t be as good as the one reported today, Chief Executive Officer Stephen Hemsley said in comments that dropped the shares of the top U.S. health insurer by sales.
Fourth-quarter earnings were 21 percent higher than a year earlier, beating analysts’ estimates, the Minnetonka, Minnesota-based company said in a statement. The insurer enrolled 175,000 new members and kept costs under control, according to the statement.