HALISTER: MORE: Humana Boosts 2016 Forecast, Prelim. 3Q Adj. EPS Beats

MORE: Humana Boosts 2016 Forecast, Prelim. 3Q Adj. EPS Beats

(Bloomberg) -- Humana now sees yr adj. EPS ~$9.50, saw at least $9.25 on Aug. 3, est. $9.30 (range $9.25-$9.50).
  • Prelim. 3Q adj. EPS ~$3.15, est. $2.88 (range $2.79-$2.98)
  • Says forecast raised mostly due to better-than-expected performance in Medicare Advantage business (group and individual) and Healthcare Services segment, also in-line performance in individual commercial business
  • HUM sees CMS audit having negative effect on 2018 star bonus revenue; HUM believes its star ratings for 2018 bonus year don’t accurately reflect performance, plans to file for reconsideration of certain ratings
  • HUM to report results pre-market Nov. 4
  • HUM up as much as 1.4%
  • NOTE: Aug. 19, Aetna Disputes U.S. Claims That Humana Merger Is Anticompetitive
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
HUM US (Humana Inc)
AET US (Aetna Inc)

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