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Humana Guides FY24 Adj. EPS Well Below Estimates; Stock Plunges 17% - Update
(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, health insurer Humana Inc. (HUM) initiated its adjusted earnings guidance for the full-year 2024, well below estimates. The company said it assumes the higher Medicare Advantage medical costs experienced in the fourth quarter to persist throughout 2024.
For fiscal 2024, the company now projects earnings of approximately $14.87 per share and adjusted earnings of about $16.00 per share.
On average, 21 analysts polled by Thomson Reuters expect the company to report earnings of $29.56 per share for the year. Analysts' estimates typically exclude special items.
The company also affirmed its 2024 individual Medicare Advantage annual membership growth of approximately 100,000 or 1.8 percent.
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Humana Expands Partnership With Google Cloud By Inking New Multi-year Agreement
Health and well-being company Humana, Inc. (HUM) announced Thursday a new multi-year agreement with Google Cloud to further modernize Humana's cloud infrastructure and leverage cutting-edge AI capabilities to accelerate innovation in healthcare.
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Humana Affirms FY22 Adj. EPS Outlook - Update
While reporting financial results for the third quarter on Wednesday, health insurer Humana Inc. (HUM) affirmed its adjusted earnings guidance for the full-year 2023.
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Humana Q4 Loss Widens On Charges
Health insurer Humana Inc. reported Wednesday a net loss for the fourth quarter that slightly widened from last year, hurt primarily by charges associated with productivity initiatives, despite 6.6 percent revenue growth. Adjusted earnings for the quarter topped analysts' expectations, while quarterly revenues missed it by a whisker.
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Humana Affirms FY22 Adj. EPS Outlook - Update
While reporting financial results for the third quarter on Wednesday, health insurer Humana Inc. (HUM) affirmed its adjusted earnings guidance for the full-year 2022, which was raised at the company's Investor Day in September 2022.
For fiscal 2022, the company now projects earnings of about $23.27 per share and adjusted earnings of about $25.00 per share.
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Humana To Acquire Substantially All Of The Assets Of Inclusa For Undisclosed Terms
Humana Inc. (HUM) announced Friday that it will acquire substantially all of the assets of Inclusa, Inc., a Managed Care Organization or MCO, in Wisconsin that provides long-term care services and supports to approximately 16,600 older adults and adults with disabilities through the state's Family Care program.
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Humana Boosts FY22 Adj. EPS Outlook - Update
While reporting financial results for the second quarter on Wednesday, health insurer Humana Inc. (HUM) raised its adjusted earnings guidance for the full-year 2022 to reflect lower utilization of core individual Medicare Advantage business trends and lack of COVID-19 headwind.
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Rally May Stall For Malaysia Stock Market
The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday.
The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
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Japan Stock Market May Spin Its Wheels On Tuesday
The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday.
The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies.
For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42.
Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.
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