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UnitedHealth earnings ease investor worries over flu season, stock up
April 17, 2018 6:16 AM EDTBy Caroline Humer and Tamara Mathias
(Reuters) - UnitedHealth Group Inc (NYSE: UNH), the largest U.S. health insurer, on Tuesday reassured investors that the pervasive flu season did not crimp first-quarter earnings as had been feared, boosting its shares as well as those of rivals.
The insurer's quarterly profit beat estimates as it kept medical costs within estimates and it raised its 2018 outlook.
Shares of UnitedHealth rose 3.1 percent to $237.46 and boosted other stocks in the sector on hopes that rivals would also release robust results over the next few weeks.
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