UnitedHealth forecasts 2013 profit below Wall St view

(Reuters) - UnitedHealth Group Inc , the largest U.S. private health insurer, said on Monday it expected 2013 earnings of $5.25 to $5.50 per share, below analysts' expectations.

Revenue should be $123 billion to $124 billion, the company said, higher than the Wall Street target. UnitedHealth gave the forecast in a statement ahead of a Tuesday meeting with analysts and investors.

Analysts had expected 2013 earnings of $5.58 per share on revenue of $119.12 billion, according to Thomson Reuters I/B/E/S.

UnitedHealth said during a quarterly conference call in October that analysts' estimates for 2013 were too high, citing the weak economy and government efforts to rein in the deficit. At that time, the consensus was for earnings of $5.60 per share.

UnitedHealth has a history of exceeding its forecast, Oppenheimer analyst Michael Wiederhorn said in a research note. "Overall, we believe UNH's outlook will prove conservative," he wrote.

Wiederhorn said it was not immediately clear if the Wall Street consensus outlook for 2013 revenue was comparable and included sales from Brazil's Amil Participacoes SA , which it acquired for $4.9 billion.

UnitedHealth also reaffirmed its 2012 outlook for earnings of $5.20 to $5.25 per share.

(Reporting by Caroline Humer; Editing by Lisa Von Ahn and Jeffrey Benkoe)

Source: http://news.yahoo.com/unitedhealth-forecasts-2013-profit-below-wall-st-view-132406712--finance.html

Endeavor mega millions shaun white carolina panthers kate middleton amanda bynes Revolution TV Show