Humana Inc. (NYSE:HUM) Reports 2Q18 Profit Up 14%; Beats Street View; Raises Outlook

Humana Inc. (NYSE:HUM) announced net income for the second quarter of $ 193.00 million or $ 1.39 per share. The company generated total revenue of $ 14.26 billion for the same period. While earnings per share grew 14 percent from the year-ago quarter, revenue advanced 5 percent.

On an adjusted basis, Humana revealed Non-GAAP adjusted income of $ 3.96 a share for the second quarter. This topped analysts estimate by $ 0.18 a share while total revenue exceeded street analysts expectation by $ 99 million.

Street analysts are looking for income of $ 3.78 per share on total revenue of $ 14.16 billion for the second quarter. Analysts estimates are from Thomson Reuters, excludes one time gain or loss.

Bruce D. Broussard, President and Chief Executive Officer, said, Our strong 2018 financial results are testimony to the underlying improvement in our operating metrics, like Net Promoter Score, digital self-service utilization and call transfer reduction, and to the growing effectiveness of our national and local clinical programs.

Looking ahead, Humana anticipates full year 2018 diluted earnings of $14.15 per share. This was up from the previous guidance of$13.70 to $14.10 per share.

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