LOUISVILLE, Ky. (AP) — Health insurer Humana Inc. reports first-quarter financial results on Monday before the market opens.
WHAT TO WATCH FOR: Humana foreshadowed a stronger-than-expected first quarter, continuing a trend among health insurers reporting robust earnings for the period. Humana announced earlier this week that it earned $1.86 per share in the three months ended in March , easily beating the company's prior forecast of $1.15 to $1.20 per share. It also outperformed Wall Street expectations. Analysts surveyed by FactSet had forecast, on average, earnings per share of $1.26 for the period.
Louisville-based Humana upgraded its full-year earnings forecast to a range of $6.70 to $6.90 per share from $5.95 to $6.15 per share. Analysts expected $6.29 for the year. The company also said it will start offering a 25-cent quarterly cash dividend this summer.
Humana is among several large health insurers to report better-than-expected earnings, joining Aetna, WellPoint and UnitedHealth.
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