Daily Journal masthead

Humana tops 2Q net income expectations, misses revenue forecasts


LOUISVILLE, Kentucky — Humana Inc. (HUM) on Wednesday reported second-quarter earnings of $431 million.

The Louisville, Kentucky-based company said it had profit of $2.85 per share. Earnings, adjusted for non-recurring gains, came to $1.67 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The health insurer posted revenue of $13.73 billion in the period, missing Street forecasts. Ten analysts surveyed by Zacks expected $13.79 billion.

Humana expects full-year earnings to be $7.75 per share.

Humana shares have increased 28 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 2 percent. The stock has increased 41 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 http://www.zacks.com/ap/HUM


Keywords: Humana, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.