More on UnitedHealth (UNH -3.3%) Q1: net profit -14% to $1.19B, partly because of lower...

|About: UnitedHealth Group Inc. (UNH)|By:, SA News Editor

More on UnitedHealth (UNH -3.3%) Q1: net profit -14% to $1.19B, partly because of lower government payments. Medical costs +13% to $22.57B. Reiterates 2013 EPS forecast of $5.25-5.50 vs consensus of $5.51, but says that the impact of sequestration will affect the upper end. Cuts revenue outlook to $122B from a prior forecast of $123-124B and vs consensus of $123.76B, due to a major client switching its insurance to a self-funded approach. (PR)