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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Humana Inc | NYSE:HUM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -1.21 | -0.31% | 383.00 | 4,792 | 12:31:09 |
From Jul 2019 to Jul 2024
By Matt Grossman
Humana Inc. Tuesday issued full-year profit guidance slightly higher than its previous estimates, but said it expects a loss in the fourth quarter as utilization levels return to nearly normal following a slump during the early stages of the coronavirus pandemic.
The Louisville, Ky.-based health insurer said it now expects a full-year profit of $24.70 a share to $24.95 a share, compared with previous guidance for $23.74 to $24.24 a share. On an adjusted basis, Humana now expects a profit of $18.50 to $18.75. Previously, Humana's guidance forecast an adjusted profit of $18.25 to $18.75.
Analysts polled by FactSet had been expecting an adjusted profit of $18.97 for the full year.
The company said it expects a fourth-quarter loss as higher utilization and costs from Covid-19 treatment and testing contribute to expenses. Humana said second-half results will entirely offset outperformance that occurred in the first half of the year due to low utilization levels.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
November 03, 2020 07:10 ET (12:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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