LOUISVILLE, Kentucky — Humana Inc. (HUM) on Wednesday reported first-quarter net income of $430 million.
On a per-share basis, the Louisville, Kentucky-based company said it had profit of $2.82. Earnings, adjusted for pretax gains, came to $2.47 per share.
The results fell short of Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.
The health insurer posted revenue of $13.83 billion in the period, beating Street forecasts. Twelve analysts surveyed by Zacks expected $13.5 billion.
Humana expects full-year earnings in the range of $8.50 to $9 per share, with revenue in the range of $54.25 billion to $54.75 billion.
Humana shares have increased 26 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 3 percent. The stock has climbed 66 percent in the last 12 months.
Keywords: Humana, Earnings Report