Boston, MA 07/22/2013 (wallstreetpr) – The diversified health and well being company, UnitedHealth Group Inc. (NYSE:UNH) had recently announced the financial results for the quarter two for the fiscal year 2013 on Thursday, following which the shares of the company had continued to gain in prices throughout the trading session. In the earnings release, the company had reported revenues at $30.4 billion and earnings per share at $1.40 per basic and diluted share. Further, UnitedHealth Group had also lowered the guidance for the full fiscal year earnings to range between $5.35 and $5.50 per share.
The company had proved successful to beat the analyst expectations fixed at $1.26 earnings per share and had further reported an increase of 10 percent in the EPS compared to the same quarter of fiscal year. Further the 12 percent increase in the revenues of the health insurer over the previous year had primarily been attributed to the addition of new 3 million subscribers to the health care and insurance services provided by the company. The revenues for the company’s Optum division had been reported to be at $8.8 billion which was an increase of 21 percent over the previous year.
Shares of UnitedHealth Group Inc. (NYSE:UNH) had moved on to gain 1.28 % on Friday and thereby closed at $71.45 per share for the day. The company had reported intraday price ranging from as low as $70.16 to as high as $72.09 on the day. The 52 week low price for the stock is at $50.32 and 52 week high price is at $72.09 per share.
The company holds 1.01 billion shares outstanding and 89% of institutional ownership of capital with a market cap of $72.38 billion. On Friday, there had been a trading volume of 7.51 million shares of the company while the average is at 5.45 million shares per day.
