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 Optum revenues grew 54 percent to $19.7 billion. Revenue from
Optum's pharmacy division rose 72 percent, the company said on
Tuesday.
Net earnings attributable to the company's shareholders rose to
$1.61 billion, or $1.67 per share, in the first quarter ended March
31, from $1.41 billion or $1.46 per share, a year earlier.
On an adjusted basis the health insurer earned $1.81 per share.
Revenue rose to $44.53 billion from $35.76 billion, beating
analysts' average estimate of $43.96 billion.
The company now expects 2016 adjusted net earnings of $7.75-$7.95
per share, up 15 cents per share from its previous estimate. The
increase is due to changes in the expected income tax rate, the
company said.
(Reporting by Amrutha Penumudi in Bengaluru; Editing by Shounak
Dasgupta)
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