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April 28, 2021, 6:42 a.m. EDT

Humana beats profit and revenue expectations, affirms full-year outlook

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By Tomi Kilgore

Humana Inc. /zigman2/quotes/203095337/composite HUM -1.27% reported Wednesday first-quarter profit and revenue that rose above expectations, boosted by strong individual Medicare Advantage and state-based contract membership growth. The health insurance services company's stock was still inactive in premarket trading. Net income rose to $1.04 billion, or $6.39 a share, from $717 million, or $3.56 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share grew to $7.67 from $5.40, and beat the FactSet consensus of $7.07. Revenue increased 9.2% to $20.67 billion, above the FactSet consensus of $20.49 billion. The company affirmed its 2021 guidance ranges for adjusted EPS of $21.25 to $21.75 and its individual Medicare Advantage membership growth of 425,000 to 475,000. The FactSet consensus for 2021 EPS is $21.54. The stock has gained 9.4% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.31% has advanced 11.5%.

/zigman2/quotes/203095337/composite
US : U.S.: NYSE
$ 423.50
-5.44 -1.27%
Volume: 1.43M
June 18, 2021 4:06p
P/E Ratio
15.06
Dividend Yield
0.66%
Market Cap
$54.64 billion
Rev. per Employee
$1.59M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,166.45
-55.41 -1.31%
Volume: 3.62B
June 18, 2021 5:09p
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