Humana Inc. (NYSE:HUM) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.46%.
Humana Inc. Earnings Cheat Sheet
Results: Net income decreased -3.41% to $192 million ($1.19 per diluted share) in the quarter versus a net gain of $198.78 million in the year-earlier quarter.
Revenue: Rose 5.56% to $9.56 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Humana Inc. reported adjusted net income of $1.19 per share. By that measure, the company beat the mean analyst estimate of $1.07. It missed the average revenue estimate of $9.73 billion.
Quoting Management: “The progress we made building our clinical capabilities in 2012 positions us strongly for success in 2014 and beyond,” said Bruce D. Broussard, President and Chief Executive Officer of Humana…