Humana Boosts Full Year EPS Guidance
September 01 2020 - 11:15AM
Dow Jones News
By Michael Dabaie
Humana Inc. said it is boosting its guidance for full year
earnings per share.
The provider of health insurance services said in a Securities
and Exchange Commission filing that it intends to revise its GAAP
earnings per share guidance for the year to between $23.74 and
$24.24, from the previous range of $17.36 to $17.86. The company
said this reflects the current impact of the change in the fair
market value of publicly-traded equity securities, as well as the
receipt of payments associated with the commercial risk corridor
receivables previously written off.
Humana said in the filing that its senior management is
scheduled to meet with investors during September. During the
meetings the company intends to revise the EPS guidance, while
continuing to acknowledge the inherent uncertainty surrounding the
ongoing coronavirus crisis and reiterating that it has withdrawn
its additional detailed financial guidance given the likelihood of
significant variability of results by financial statement line
item.
Humana said it intends to affirm its expectation of $18.25 to
$18.75 in adjusted EPS for fiscal 2020, reflecting certain measures
taken to date and expected to be taken during the rest of the
year.
Shares were down 0.2% to $414.43.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 01, 2020 11:00 ET (15:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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