Humana Revenue Falls, but Earnings Exceed Target

Humana

(HUM) - Get Report

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

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

.