Insurance Firm Humana Shares Fall After Q3 Performance - Here's Why
Portfolio Pulse from Vandana Singh
Humana Inc reported Q3 adjusted EPS of $7.78, beating the consensus of $7.16, and revenue of $26.42 billion, up from $22.78 billion a year ago. However, the company's profits fell 30% to $830 million. Despite a strong quarter, shares fell due to disappointment that Humana did not increase its full-year guide. The company's caution relates to elevated demand for non-urgent surgeries that may constrain Q4 results. Humana reaffirms adjusted EPS guidance of at least $28.25 versus the consensus of $28.3.
November 01, 2023 | 4:24 pm
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Humana's Q3 results beat expectations but the company's profits fell 30%. The company's shares fell due to disappointment that it did not increase its full-year guide despite a strong quarter.
Humana's Q3 results were strong, beating consensus estimates. However, the company's profits fell 30% and it did not increase its full-year guide despite the strong quarter. This has led to a drop in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100