Humana Beats 3Q Profit Forecasts
LOUISVILLE, Ky. (AP) — Humana Inc. (HUM) on Wednesday reported third-quarter net income of $499 million.
On a per-share basis, the Louisville, Kentucky-based company said it had profit of $3.44. Earnings, adjusted for non-recurring gains, came to $3.39 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.27 per share.
The health insurer posted revenue of $13.28 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $13.29 billion.
Humana expects full-year earnings to be $11.60 per share.
Humana shares have climbed 26 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 16 percent. The stock has increased 47 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUM at https://www.zacks.com/ap/HUM
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