Humana Revenue Falls, but Earnings Exceed Target
Humana
(HUM)
reported better-than-expected fourth-quarter earnings Wednesday.
The Louisville, Ky.-based health services provider posted net income of $27 million, or 16 cents a share, up from $25 million, or 15 cents a share, in the year-ago period. The consensus estimate of 15 analysts surveyed by
First Call/Thomson Financial
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was for earnings of 15 cents a share.
Humana's revenue was $2.56 billion, down from $2.57 billion in the fourth quarter of 1999.
Humana was up 99 cents, or 8%, to $13.24 in recent
New York Stock Exchange Trading
.
