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Humana: Q1 Earnings Snapshot

By AP News - Apr 24, 2024, 06:45 AM ET

Last Updated - Apr 24, 2024, 06:45 AM EDT

LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Humana Inc. (HUM) on Wednesday reported first-quarter net income of $741 million.

The Louisville, Kentucky-based company said it had profit of $6.11 per share. Earnings, adjusted for one-time gains and costs, were $7.23 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $6.02 per share.

The health insurer posted revenue of $29.61 billion in the period. Its adjusted revenue was $29.33 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $28.6 billion.

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