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Feb. 5, 2020, 6:45 a.m. EST

Humana's stock set to gain after profit, revenue beats and in-line outlook

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By Tomi Kilgore

Shares of Humana Inc. /zigman2/quotes/203095337/composite HUM -2.43% were indicated up nearly 1% in premarket trading Wednesday, after the health plan administration company reported fourth-quarter profit and revenue that beat expectations, citing a "solid performance" by the company's Medicare Advantage and Healthcare Services business. Net income rose to $593 million, or $3.84 a share, from $436 million, or $2.58 a share, in the year-ago period. Excluding non-recurring items, such as valuation adjustments associated with its 40% stake in Kindred at Home, adjusted earnings per share fell to $2.28 from $2.65, but topped the FactSet consensus of $2.20. Revenue rose 15% to $16.30 billion, above the FactSet consensus of $16.19 billion. For 2020, the company expects adjusted EPS to rise to $18.25 to $18.75 from $17.87 in 2019, in line with the FactSet consensus of $18.63. The stock has rallied 16.3% over the past three months through Tuesday, while the SPDR Health Care Select Sector ETF /zigman2/quotes/205918244/composite XLV -2.14% has advanced 8.4% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -3.37% has gained 7.3%.

/zigman2/quotes/203095337/composite
US : U.S.: NYSE
$ 297.07
-7.41 -2.43%
Volume: 1.92M
March 27, 2020 6:30p
P/E Ratio
14.80
Dividend Yield
0.84%
Market Cap
$39.25 billion
Rev. per Employee
$1.31M
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/zigman2/quotes/205918244/composite
US : U.S.: NYSE Arca
$ 84.99
-1.86 -2.14%
Volume: 13.04M
March 27, 2020 8:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,541.47
-88.60 -3.37%
Volume: 3.59B
March 27, 2020 5:12p
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