UnitedHealth Beats Quarterly Profit Estimates despite Higher Medical Costs

Reuters01-12

Jan 12 (Reuters) - UnitedHealth reported fourth-quarter profit on Friday that beat analysts' estimates, as the healthcare conglomerate was able to keep medical costs in check despite high demand for non-urgent procedures.

The company posted an adjusted profit of $6.16 per share for the fourth quarter, compared with analysts' average estimate of $5.98, according to LSEG data.

UnitedHealth shares slipped 3% after posting financial results.

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