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Humana misses 1Q net income expectations, tops revenue forecasts

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LOUISVILLE, Kentucky — Humana Inc. (HUM) on Wednesday reported first-quarter net income of $430 million.

On a per-share basis, the Louisville, Kentucky-based company said it had profit of $2.82. Earnings, adjusted for pretax gains, came to $2.47 per share.

The results fell short of Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.

The health insurer posted revenue of $13.83 billion in the period, beating Street forecasts. Twelve analysts surveyed by Zacks expected $13.5 billion.

Humana expects full-year earnings in the range of $8.50 to $9 per share, with revenue in the range of $54.25 billion to $54.75 billion.

Humana shares have increased 26 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 3 percent. The stock has climbed 66 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUM at http://www.zacks.com/ap/HUM

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Keywords: Humana, Earnings Report

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