Humana Raises Annual Guidance -- Earnings Review
May 02 2018 - 7:53AM
Dow Jones News
By Allison Prang
Humana Inc. (HUM) released its earnings results for the first
quarter before the marketed opened Wednesday. Here's what you need
to know.
PROFIT: Humana said it made $3.53 a share, down from the $7.49 a
share it made during the same quarter a year ago. On an adjusted
basis, the company made $3.36 a share, up from $2.75 a share.
Analysts polled by Thomson Reuters were expecting adjusted earnings
of $3.19 a share.
NEW OUTLOOK: The company expects to earn between $13.54 and
$13.94 a share for full-year 2018. It had previously expected
annual earnings of between $13.16 to $13.66 a share. On an adjusted
basis, Humana expects to make between $13.70 and $14.10 a share for
the year. It had previously expected to earn between $13.50 and $14
on an adjusted basis.
COMMENTARY: Chief Financial Officer Brian Kane said in prepared
remarks that the company "experienced strong Medicare Advantage
enrollment growth and solid performance across all segments in the
first quarter, with early positive indicators of medical
utilization allowing us to raise guidance for the year." The
company said that its retail and group and specialty segments were
leaders in its performance.
Shares were unchanged premarket. In the past 12 months, shares
have risen 31%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
May 02, 2018 07:38 ET (11:38 GMT)
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