Humana posts stronger-than-expected Q1 earnings and raises guidance

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Humana Inc. the healthcare company that specializes in Medicare insurance, said Wednesday it had net income of $1.614 billion, or $9.87 a share, in the first...

Humana Inc. HUM, the healthcare company that specializes in Medicare insurance, said Wednesday it had net income of $1.614 billion, or $9.87 a share, in the first quarter, up from $1.220 billion, or $7.29 a share, in the year-earlier period. Adjusted per-share earnings came to $9.38, ahead of the $9.27 FactSet consensus. Revenue rose to $26.742 billion from $23.970 billion, also ahead of the $26.428 billion FactSet consensus.

29 a share, in the year-earlier period. Adjusted per-share earnings came to $9.38, ahead of the $9.27 FactSet consensus. Revenue rose to $26.742 billion from $23.970 billion, also ahead of the $26.428 billion FactSet consensus. The company said it has adjusted year-earlier numbers to reflect the exit of the employer group commercial medical products business, which it announced on Feb. 23.

 

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