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Humana Stocks Rise as Earnings Surge
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Humana Stocks Rise as Earnings Surge

Shares of Humana Inc. rose 1.2% premarket Wednesday after the health insurer beat third-quarter earnings and revenue estimates and changed its forecast.

Louisville, Ky.-based Humana reported net income of $651 million, or $3.98 per share, for the quarter, down from $1.098 billion, or $6.71 per share. , for the period of the previous year.

After adjusting for one-time items, the company reported EPS of $4.16, well above the FactSet consensus of $3.42. Revenue rose to $29.397 billion from $26.423 billion a year ago, also ahead of the FactSet consensus of $28.668 billion.