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Stock impact report

Humana stock slips as profit outlook underwhelms [Yahoo! Finance]

Humana Inc. (HUM) 
Last humana inc. earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: humana.gcs-web.com
Company Research Source: Yahoo! Finance
What's behind the move: The health insurer reported a strong quarter but reiterated its adjusted full-year profit outlook, expecting at least $9 per share. Meanwhile, it cut its nonadjusted earnings forecast to at least $8.36 a share, down from its previous estimate of at least $8.89 a share. NYSE - Nasdaq Real Time Price • USD Humana Inc. (HUM) Follow View Quote Details At close: April 28 at 4:00:02 PM EDT Pre-Market: 8:24:01 AM EDT Advanced Chart Humana also highlighted that it is incurring charges related to its multiyear transformation program. The intent of the initiative is to “re-align the company's cost structure, operating model, and technology footprint with evolving market conditions.” Revenue for the first quarter jumped 23%, and adjusted earnings per share also beat expectations. What else you need to know: Higher medical and pharmaceutical costs, as well as more utilization of services, have been a drag on the healthcare insurance industry. As Show less Read more
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