UnitedHealth forecasts 2013 profit below Wall St view

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UnitedHealth forecasts 2013 profit below Wall St view

(Reuters) - UnitedHealth Group Inc , the largest U.S. private health insurer, said on Monday it expects 2013 earnings of $5.25 to $5.50 per share, below analysts' expectations. The outlook backs up comments the company made in October that analysts' estimates for 2013 were too high due to the weak economy and government efforts to rein in the deficit. At that time, the Wall Street consensus was for earnings of $5.60 per share. UnitedHealth shares fell 93 cents, or 1.7 percent, to $53.01 in Monday morning New York Stock Exchange trading. ...

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