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Nov. 6, 2019, 7:00 a.m. EST

Humana's stock jumps after profit and revenue beat expectations, upbeat outlook

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By Tomi Kilgore

Shares of Humana Inc. /zigman2/quotes/203095337/composite HUM +0.32% rallied 2.1% in premarket trading Wednesday, after the health care services company reported third-quarter profit and revenue that beat expectations, and provided an upbeat outlook. Net income was $888 million, or $5.14 a share, compared with $901 million, or $4.65 a share, in the year ago period. Excluding non-recurring items, adjusted EPS rose to $5.03 from $4.58, above the FactSet consensus of $4.58. Revenue rose to $16.24 billion from $14.21 billion, to beat the FactSet consensus of $16.15 billion, boosted by strength in its Medicare Advantage and healthcare services businesses. For 2019, Humana raised its adjusted EPS guidance to "approximately" $17.75, which is above the FactSet consensus of $17.64, and its expected individual Medicare Advantage membership growth outlook to about 530,000 members from the previous range of 480,000 to 500,000 members. The stock has gained 2.9% year to date through Tuesday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.15% has rallied 22.7%.

/zigman2/quotes/203095337/composite
US : U.S.: NYSE
$ 345.21
+1.09 +0.32%
Volume: 725,576
Dec. 5, 2019 6:30p
P/E Ratio
18.34
Dividend Yield
0.64%
Market Cap
$45.57 billion
Rev. per Employee
$1.31M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,117.43
+4.67 +0.15%
Volume: 1.65B
Dec. 5, 2019 5:16p
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