Humana 1Q Profit Falls, Beats Revenue Forecasts
April 29 2020 - 7:26AM
Dow Jones News
By Maitane Sardon
Humana Inc. on Wednesday said its profit for its first quarter
fell, but the health insurer's revenue beat analysts'
expectations.
Humana reported net earnings of $717 million, or $3.56 a share,
compared with $746 million, or $4.16 a share, a year ago. Adjusted
earnings were $5.40 a share for the latest quarter.
Analysts polled by FactSet were expecting earnings of $4.61 a
share, or $4.66 a share on an adjusted basis.
Revenue rose to $18.93 billion from $16.1 billion a year
earlier. Analysts had expected $18.4 billion of revenue in the
quarter.
The company said the financial impact of the coronavirus
pandemic wasn't material to its results during the first
quarter.
It expects earnings per share for fiscal 2020 between $16.04 to
$16.54, and it reaffirmed its adjusted earnings per share guidance
range of $18.25 to $18.75 while "acknowledging the inherent
uncertainty surrounding the ongoing crisis."
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
April 29, 2020 07:11 ET (11:11 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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