UnitedHealth Group Inc.'s first-quarter net income rose 3 percent as enrollment and revenue gains countered an increase in operating costs, and the health insurer raised its 2012 earnings forecast.
The Minnetonka, Minn., company said Thursday it earned $1.39 billion, or $1.31 per share, in the three months that ended March 31. That's up from $1.35 billion, or $1.22 per share, in the same quarter last year. Revenue grew 7 percent to $27.28 billion.
The performance topped Wall Street expectations. Analysts surveyed by FactSet forecast, on average, earnings of $1.16 per share on $27.01 billion in revenue.
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