Humana Q3 Profit Slides, But Beats Estimates; Backs Full-year Earnings Guidance - Update

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

The company's earnings came in at $1.30 billion, or $9.39 per share. This compares with $1.64 billion, or $11.84 per share, in last year's third quarter.

Excluding items, Humana Inc reported adjusted earnings of $1.14 billion or $6.88 per share for the period.

Analysts on average had expected the company to earn $6.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $22.80 billion from $20.70 billion last year.


Humana reiterated its full-year earnings guidance of 25 cents a share, excluding items. This is 21 percent higher than last year's earnings.

Analysts on average are expecting EPS of $25.03 for the period.

Humana Inc earnings at a glance (GAAP) :

-Earnings (Q3): $1.30 Bln. vs. $1.64 Bln. last year.
-EPS (Q3): $9.39 vs. $11.84 last year.
-Analyst Estimates: $6.28
-Revenue (Q3): $22.80 Bln vs. $20.70 Bln last year.

Full year EPS guidance: $25.00

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