Humana and WellPoint Slide After Reporting Lower Quarterly Profit

Now watching

Next video starts in : 7 Play

Humana and WellPoint Slide After Reporting Lower Quarterly Profit

Humana and WellPoint Slide After Reporting Lower Quarterly Profit
Replay video
Up next

Stocks End Q1 on a Sour Note, Dow Industrials Drop 200 Points

Unlock your personal NFL Now stream by signing in to NFL.com

Humana and WellPoint Slide After Reporting Lower Quarterly Profit

by TheStreet 1:28 mins

Humana and WellPoint Slide After Reporting Lower Quarterly Profit

by TheStreet 1:28 mins

Shares of Humana and WellPoint are falling in Wednesday's trading after both health insurers reported lower second-quarter profit, despite significant revenue growth. Humana reported net income that fell 18% to $344 million, or $2.19 a share, in line with analyst estimates. The company attributed the decline to investments in the exchanges created under healthcare reform, as well as drug costs. However, Bank of America Merrill Lynch analyst Kevin Fischbeck said Humana's results actually beat his estimate by 36 cents a share. WellPoint's ajusted earnings came to $2.44 a share, topping analyst expectations of $2.26 a share. J.P. Morgan analyst Justin Lake, who has a Neutral rating on WellPoint, said the company's commercial operating earnings and government outperformed his estimates.

TheStreet

We The Economy

  1. 6:40

    cave-o-nomics

  2. 7:38

    Supply & Dance, Man!

  3. 5:26

    GDP SMACKDOWN

  4. Lemonade War

  5. 6:55

    A BEE’S INVOICE; THE HIDDEN VALUE IN NATURE

  6. 7:06

    Fed Head