UnitedHealth beats by $0.13, reports revs in-line; raises FY19 EPS in-line
- Reports Q1 (Mar) earnings of $3.73 per share, $0.13 better than the S&P Capital IQ Consensus of $3.60; revenues rose 9.2% year/year to $60.3 bln vs the $59.72 bln S&P Capital IQ Consensus.
- The operating cost ratio of 14.1 percent in first quarter 2019 improved 130 basis points from its first quarter 2018 level, due to the deferral of the health insurance tax and strong cost management disciplines.
- Co issues raised guidance for FY19, sees EPS of $14.50-14.75 from $14.40-14.70 vs. $14.65 S&P Capital IQ Consensus.