Humana: 2Q Earnings Snapshot
LOUISVILLE, Ky. (AP) _ Humana Inc. (HUM) on Wednesday reported second-quarter profit of $193 million.
The Louisville, Kentucky-based company said it had net income of $1.39 per share. Earnings, adjusted for non-recurring costs, came to $3.96 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.79 per share.
The health insurer posted revenue of $14.26 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $14.16 billion.
Humana expects full-year earnings to be $14.15 per share.
Humana shares have risen 27 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 5 percent. The stock has climbed 36 percent in the last 12 months.