Humana Inc Q1 Profit Decreases, but beats estimates

(RTTNews) - Humana Inc (HUM) revealed earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $741 million, or $6.11 per share. This compares with $1.24 billion, or $9.87 per share, in last year's first quarter.

Excluding items, Humana Inc reported adjusted earnings of $1.19 billion or $7.23 per share for the period.

Analysts on average had expected the company to earn $6.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.7% to $29.61 billion from $26.74 billion last year.

Humana Inc earnings at a glance (GAAP) :

-Earnings (Q1): $741 Mln. vs. $1.24 Bln. last year. -EPS (Q1): $6.11 vs. $9.87 last year. -Revenue (Q1): $29.61 Bln vs. $26.74 Bln last year.

-Guidance: Full year EPS guidance: $16.00

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.