Humana Swings to Loss in 4Q
February 03 2021 - 6:15AM
Dow Jones News
By Dieter Holger
Humana Inc. swung to a loss in the fourth quarter amid mounting
costs for coronavirus tests and treatments in the last two months
of the year.
The Louisville, Ky.-based healthcare company said Wednesday its
loss was $2.07 a share in the fourth quarter ended Dec. 31,
compared with earnings of $3.84 a year ago. It booked a loss of
$458 million before taxes, compared to a profit of $593 million
last year.
Its adjusted loss was $2.30 a share. Analysts polled by FactSet
expected a loss of $2.37 a share.
Sales rose to $19.06 billion in the quarter from $16.3 billion a
year ago. Analysts expected sales of $18.77 billion.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
February 03, 2021 07:00 ET (12:00 GMT)
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