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Wednesday, November 1, 2023

Humana Shares Fall as Forecast for 2024 Profit Disappoints

 

Humana Inc. shares fell sharply at the US market open after executives said the initial outlook for 2024 profit growth would be at the low end of its forecast.

Adjusted earnings per share for 2024 will be at the lower end of the company’s 11% to 15% long-term growth target, executives said Wednesday on a call with analysts. The shares tumbled as much at 6.1%, the most intraday since June, before paring most of those losses.

https://www.bloomberg.com/news/articles/2023-11-01/humana-shares-fall-as-forecast-for-2024-profit-disappoints

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