UnitedHealth’s Cost Controls Boost Profit
From Bloomberg News
UnitedHealth Group Inc. said second-quarter profit jumped 35% as the company capped costs and drew customers from competitors to make up for lost business.
UnitedHealth Group expects profit to rise about 34% this year and as much as 20% next year.
Net income rose to $439 million, or 71 cents a share, from $325 million, or 51 cents, in the year-earlier period, the Minnetonka, Minn.-based company said. Sales rose 17% to $7.09 billion.
The company’s shares rose $3.18 to $51.79 on the NYSE.
