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UnitedHealth raises low end of 2009 revenue view


    NEW YORK (Reuters) - UnitedHealth Group Inc raised the lower end of its 2009 revenue forecast on Monday, although it maintained its profit outlook for next year.

    The largest U.S. health insurer by market value on Monday projected revenue of $85 billion to $86 billion next year. In October, it forecast $84 billion to $86 billion.

    The company, which is to hold its annual investor day on Tuesday, continues to expect earnings of $2.90 per share to $3.15 per share next year. Analysts expect $3.04, according to Reuters Estimates.

    UnitedHealth's initial 2009 forecast issued in October fell below analyst targets as the company warned that the rocky economy severely limited its visibility into next year.

    Analysts said at the time the company was being conservative after it twice reduced initial 2008 expectations earlier in the year.

    UnitedHealth on Monday also backed its 2008 outlook of $2.95 to $2.98 per share, excluding items.

    (Reporting by Lewis Krauskopf; Editing by Derek Caney)