(Source: Associated Press/AP Online)
NEW YORK - Health insurer Humana says second-quarter profit rose 34 percent on higher premiums from the company's Medicare and commercial insurance programs.
Profit rose to $281.8 million, or $1.67 per share, from prior year earnings of $209.9 million, or $1.24 per share. Revenue jumped 8 percent to just under $7.9 billion from $7.35 billion.
Wall Street forecast profit of $1.64 per share on $7.77 billion in revenue.
Medicare Advantage premiums rose 19 percent to $4.15 billion during the quarter, while commercial unit premiums rose 1 percent to $1.87 billion.
Looking ahead, the Louisville,Ky.-based company expects full-year profit between $6.10 and $6.20 per share, while analysts expect $6.12 per share.
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