Humana Inc. (NYSE: HUM) today reported consolidated pretax income and diluted earnings per common share (EPS) for the quarter ended December 31, 2019 versus the quarter ended December 31, 2018.
The Louisville, Ky-based company reported revenues of $16.295 billon, compared to $14.168 in the prior-year quarter. Pretax income (GAAP) registered at $593 million, compared to the previous year’s $436 million. Earnings Per Share were $3.84, as opposed to $2.58 in the comparable quarter last year
According to CEO Bruce Broussard, “We are pleased with our 2019 performance, particularly our success in balancing and executing on multiple priorities as we grew membership, improved the quality and productivity of our operations, and continued to invest in the long-term.
“You’ll find evidence of these efforts in our improved Net Promoter Score – and in the related, and numerous, awards we received for customer experience. In addition, we had strong membership growth, with a record number of our members now in 4+ Star Plans. All the while, we made appreciable progress in advancing our technology, primary care and home strategies.”
The company provided guidance for the year, and diluted GAAP EPS are projected to be in the range of $17.76 to $18.26 for 2020, compared to $20.10 for fiscal 2019.
Humana claims, “Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience that makes health care easier to navigate and more effective.”
Shares in HUM started out Wednesday way above where Tuesday left off, $20.46, to be exact, or nearly 6%,to $363.21