U.S. Markets open in 8 mins

Humana: 4Q Earnings Snapshot

FILE- In this June 8, 2015, file photo specialist Anthony Rinaldi works adjacent to the post that handles Humana, on the floor of the New York Stock Exchange. Humana Inc. reports financial results Wednesday, Feb. 6, 2019. (AP Photo/Richard Drew, File)

LOUISVILLE, Ky. (AP) _ Humana Inc. (HUM) on Wednesday reported fourth-quarter profit of $355 million.

On a per-share basis, the Louisville, Kentucky-based company said it had net income of $2.58. Earnings, adjusted for one-time gains and costs, came to $2.65 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.53 per share.

The health insurer posted revenue of $14.17 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $13.92 billion.

For the year, the company reported profit of $1.68 billion, or $12.16 per share. Revenue was reported as $56.91 billion.

Humana expects full-year earnings in the range of $17 to $17.50 per share, with revenue in the range of $63.1 billion to $63.7 billion.

Humana shares have increased roughly 6 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 9 percent. The stock has risen 14 percent in the last 12 months.

_____

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 https://www.zacks.com/ap/HUM