LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Humana Inc. (HUM) on Wednesday reported second-quarter earnings of $694 million.
The Louisville, Kentucky-based company said it had net income of $5.73 per share. Earnings, adjusted for one-time gains and costs, were $7.61 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $6.22 per share.
The health insurer posted revenue of $40.87 billion in the period. Its adjusted revenue was $40.89 billion, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $40.65 billion.
Humana expects full-year earnings to be $9 per share.
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