Humana Inc. reported first-quarter profit and revenue beats early Wednesday. Earnings for the latest quarter rose to $1.12 billion, or $7.49 per share, from $254 million, or $1.68 per share in the year-earlier period. Adjusted earnings-per-share were $2.75, compared with the FactSet consensus of $2.49. Revenue fell to $13.76 billion from $13.80 billion, compared with the FactSet consensus of $13.60 billion. The latest results include the “beneficial effect of the lower effective tax rate in light of pricing and benefit design assumptions associated with the 2017 temporary suspension of the health insurance industry fee,” Humana said, along with share buybacks in the first-quarter. Humana earnings were not active in premarket trade. Shares have risen 13.8% over the last three months, compared with a 4.1% rise in the S&P 500 .
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