Humana Inc. (HUM: Quote) reported second quarter net income of $2.16 per share after the close Monday, down from $2.71 per share in the previous year. The consensus estimate was for EPS of $2.28. The company expects to report third quarter EPS of $2.00 to $2.10 and lowered its full year forecast to between $6.90 and $7.10, from prior guidance of $7.38 to $7.58. The consensus estimates are for EPS of $2.55 and $7.93.
Humana gapped open sharply lower Tuesday and steadily declined throughout the first 2 hours of trade. The stock closed down by 8.95 at $61.60 on the highest volume of the year. Humana has been falling for the past month and set a new low for the year.
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by RTT Staff Writer
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