— Humana Inc. (NYSE: HUM) reported its fourth-quarter 2019 adjusted earnings of $2.28 per share versus $2.20 per share expected.
— Revenues grew by 15% to $16.3 billion versus $16.19 billion expected.
— The unadjusted earnings jumped by 36% driven by the solid performance of medicare advantage business and healthcare services segment with further benefit from achieving significant operating cost efficiencies in 2019 as a result of previously implemented productivity initiatives.
— Revenues from the retail segment increased by 18% while that from group and specialty segment decreased by 2%. Revenue from healthcare services segment grew by 8%.
— Looking ahead into the full year 2020, the company expects unadjusted earnings of $17.76-18.26 per share and adjusted earnings of $18.25-18.75 per share. The consensus estimates EPS of $18.63.
— Humana expects 2020 to be another good year for the company with a solid top and bottom-line growth notwithstanding the return of the health insurance industry fee.
— The company reaffirmed 2020 individual Medicare Advantage membership growth outlook of 270,000 to 330,000 members, representing 7.5-9.2% growth over 2019.
— The company revised fiscal 2020 stand-alone PDP membership guidance to a decline of about 550,000 members from the previous expectation of about 600,000 member decline.
Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared
Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.
Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06