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Friday, March 29, 2024

UPDATE: Humana Reports 13% Rise In Q3 Net Income, Lifts 2011 Forecast

Courtesy of Benzinga.



Humana Inc (NYSE: HUM) reported a 13% surge in its third-quarter net income and lifted its 2011 earnings view.

Humana now projects 2011 earnings of $8.35 to $8.40 per share, versus its earlier forecast of $7.50 to $7.60 per share.

Humana’s quarterly earnings surged to $444.7 million, or $2.67 per share, up from $393.2 million, or $2.32 per share, in the year-ago quarter. Its revenue jumped to $9.3 billion from $8.35 billion. Humana’s adjusted income came in at $2.54 per share. However, analysts were expecting earnings of $2.03 per share on revenue of $9.26 billion.

Humana shares fell 0.72% to close at $80.35 on Friday.

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