By Matt Grossman
UnitedHealth Tuesday refined its full-year guidance for 2020 and said it expects to record a full-year profit in 2021.
The Minnetonka, Minn.-based health-insurance company said it now expects full-year 2020 revenue of about $257 billion, with adjusted earnings approaching $16.75 a share. In October, the company had said it expected adjusted earnings of $16.50 to $16.75 a share.
Analysts polled by FactSet were expecting a full-year adjusted profit of $16.73 a share on revenue of $256.67 billion.
For 2021, UnitedHealth said it anticipates revenue of $277 billion to $280 billion and an adjusted profit of $17.75 to $18.25 a share. Analysts had been projecting 2021 revenue of $278.46 billion and a profit of $18.39 a share.
UnitedHealth said it expects the effects of Covid-19 to detract about $1.80 a share from next year's profit figures.
Write to Matt Grossman at email@example.com
(END) Dow Jones Newswires