Health Net Inc. (HNT) reported second quarter net income of $1.48 per share Friday morning, compared to $0.63 per share in the prior year. The consensus estimate was for EPS of $0.66. The company also reduced its full year earnings forecast to between $1.45 and $1.55 per share, compared to its prior guidance of $2.85 to $3.00 per share.
Health Net gapped open sharply lower Friday, but recovered some ground around mid-morning. The stock closed down by 4.34 at $18.36 on the highest volume of the year. Health Net dropped below a week and a half long range and set a new low for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.