Humana: 3Q Earnings Snapshot
LOUISVILLE, Ky. (AP) _ Humana Inc. (HUM) on Wednesday reported third-quarter profit of $644 million.
The Louisville, Kentucky-based company said it had profit of $4.65 per share. Earnings, adjusted for one-time gains and costs, came to $4.58 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.29 per share.
The health insurer posted revenue of $14.21 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $13.97 billion.
Humana expects full-year earnings to be $14.40 per share.
Humana shares have risen 34 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 3 percent. The stock has climbed 30 percent in the last 12 months.