UnitedHealth posts big third-quarter net income

Minnetonka-based UnitedHealth Group's third-quarter net income jumped 23 percent, beating expectations, as preparations for retiring Baby Boomers started to pay off for the nation's largest health insurer, the Associated Press reports. UnitedHealth also raised its 2012 earnings forecast.

Author:
BMTN Staff
Updated:
Mar 8, 2018
Original:
Oct 16, 2012

Minnetonka-based UnitedHealth Group's third-quarter net income jumped 23 percent, beating expectations, as preparations for retiring Baby Boomers started to pay off for the nation's largest health insurer, the Associated Press reports. UnitedHealth also raised its 2012 earnings forecast.

SuspectsWantedMOAShooting

The two suspects were spotted leaving a barber shop.

Flickr - minneapolis police officer close-up belt camera - Tony Webster

A multi-agency effort to curb crime will go on until further notice.

background-g2af72a5da_1280

The incident happened in June.

SuspectsWantedMOAShooting

There's unconfirmed reports the suspected gunman and an accomplice have been arrested.

Screen Shot 2022-08-11 at 3.14.27 PM

The crash happened before sunset Wednesday, but no one called 911.

Screen Shot 2022-08-11 at 2.49.44 PM

If the nurses walk off the job, Minnesota would be home to one of the largest nurses strikes in U.S. history.

A court challenge seeks to revive Iowa's abortion ban.

zipper merge, construction

The projects extend to areas all across the state.

covid

The number of cases in the latest reporting period dropped compared to the previous week's update.

Superior port of entry and lighthouse

All five escaped serious injury.

Screen Shot 2022-08-11 at 11.27.17 AM

The rise in violent crime in Minneapolis is showing signs of plateauing.

Screen Shot 2022-08-11 at 10.05.06 AM

The victim is in her 20s.

Rising enrollments for Medicare and Medicaid plans helped boost Minnetonka-based UnitedHealth Group in the second-quarter. The biggest U.S. health insurer says net income rose 5.5 percent to trump Wall Street expectations.

Ecolab Inc., the St. Paul-based cleaning and pest-control giant, says its net sales jumped 74 percent to $3 billion in the third quarter, RTTNews.com reports. Net income was also up 54 percent compared to the same period a year earlier.

Capella Education, the parent company of the for-profit Capella University, says its third-quarter net income was $5.1 million, down nearly 50 percent compared to the $9.9 million it earned in the July-September quarter last year, the Associated Press reports. Even as total enrollment, revenue and net income fell, new student enrollment at the Minneapolis-based provider of online post-secondary education rose 10.5 percent compared to last year -- the first increase in nearly two years, Reuters reports.

The Minnetonka-based health insurer brought in more than $100 billion last year. The Star Tribune reports UnitedHealth is among just 22 publicly traded companies and the first in Minnesota to reach that milestone. Read more ...

The Dow Jones industrial average is sticking a fork in Kraft Foods. Minnetonka-based insurer UnitedHealth Group will replace the lunch meat maker in the 30-stock index, the most widely known barometer of the U.S. stock market.

The Minnetonka-based health insurer will provide military health insurance coverage for 21 western states. UnitedHealth lost a separate contract for the southern region in June.

Strong sales of Spam and Jennie-O products helped the Austin-based meat producer meet Wall Street expectations. Hormel's third quarter earnings rose to $111.2 million, or 41 cents per share, in the third quarter ended on July 29 compared to $98.5 million, or 36 cents per share, a year earlier.

DONTCHA KNOW?

You Can Get BMTN Special Offers!

Get Our Newsletter

CLOSE

CLOSE

CLOSE

CLOSE