UnitedHealth Group shares dipped in after-hours trading Monday on news of which the managed health-care giant issued a disappointing earnings forecast.
Shares dropped more than 2 percent in trading after the bell, before regaining ground. Shares were recently down about 1.5 percent.
UnitedHealth projected revenue for 2018 of which could be only marginally higher than most earlier analyst estimates, which called for revenue of $218 billion next year.
The company estimates revenue will be between $223 billion as well as $225 billion for 2018.
UnitedHealth projected adjusted net earnings of $10.55 to $10.85 per share for next year. Analysts on average had estimated the company’s adjusted net earnings could be $10.81 per share in 2018.
Net earnings could be between $10 as well as $10.30 per share next fiscal year, the company said.
UnitedHealth also said the item expects revenue for fiscal year 2017 will exceed $0 billion, with adjusted net earnings approaching $10 per share. According to Thomson Reuters, the company was anticipated to earn $9.99 a share, on an adjusted basis, on revenue of $0 billion.
UnitedHealth expects net earnings to approach $9.45 per share.
Cash flows coming from operations are projected to be from the range of $13.3 billion to $13.8 billion in 2018, the company said.