UnitedHealth beats by $0.09, reports revs in-line; raises FY16 EPS above consensus :
- Reports Q3 (Sep) earnings of $2.17 per share, $0.09 better than the Capital IQ Consensus of $2.08; revenues rose 11.6% year/year to $46.29 bln vs the $46.06 bln Capital IQ Consensus.
- Co issues raised guidance for FY16, sees EPS of ~$8.00 from $7.80-7.95 vs. $7.92 Capital IQ Consensus Estimate.
- The consolidated medical care ratio decreased 60 basis points year-over-year to 80.3 percent in the third quarter. Year-to-date, the medical care ratio of 81.3 percent decreased 10 basis points over the prior year period.
- The third quarter 2016 operating cost ratio of 15.2 percent increased 30 basis points year-over-year due to increased levels of investment in the business to support future growth.
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