Humana tops 2Q net income expectations, misses revenue forecasts

Industries Associated Press

Humana Inc. (HUM) on Wednesday reported second-quarter earnings of $431 million.

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The Louisville, Kentucky-based company said it had profit of $2.85 per share. Earnings, adjusted for non-recurring gains, came to $1.67 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The health insurer posted revenue of $13.73 billion in the period, missing Street forecasts. Ten analysts surveyed by Zacks expected $13.79 billion.

Humana expects full-year earnings to be $7.75 per share.

Humana shares have increased 28 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 2 percent. The stock has increased 41 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUM at http://www.zacks.com/ap/HUM

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Keywords: Humana, Earnings Report