This excerpt taken from the UNH 8-K filed Apr 19, 2007.
Outlook and Comment
UnitedHealth Group currently foresees 2007 earnings per share in the range of $3.34 to $3.38 including $0.08 in 409A charges related to stock option matters. Excluding these 409A charges and based on strong first quarter results, the Company is increasing its 2007 outlook to a range of $3.42 to $3.46, with revenues projected to approximate $77 billion. The Company anticipates progressive gains in quarterly operating earnings over the balance of 2007 because a number of its businesses expect seasonal increases in their profitability as the year continues. Second quarter earnings per share are anticipated in the range of $0.80 to $0.82 per share. Management is increasing its outlook for full-year cash flows from operations from a range of $6.0 billion to $6.2 billion to a target of $6.2 billion or more.
Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, said, Our first quarter results demonstrate the value of building and operating a diverse group of businesses with participation in a broad expanse of distinct end markets within health care. In that regard, we are pleased and honored to renew and expand our relationship with AARP, the pre-eminent organization serving people over age 50.
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