Humana Inc. (NYSE: HUM) announced its second-quarter financial results on Wednesday. Shares of the company increased 1.24% today.
“Our strong 2018 financial results are testimony to the underlying improvement in our operating metrics, like Net Promoter Score, digital self-service utilization and call transfer reduction, and to the growing effectiveness of our national and local clinical programs,” Bruce D. Broussard, the President and Chief Executive Officer of Humana, said in the statement on Wednesday.
According to the company, total revenue for the second quarter increased 5.4% to $14.26 billion, beating analysts’ estimates of $14.11 billion.
Net income for the quarter was reported to be $19 million, or $1.39 per share, compared to $1.04 billion, or $4.46 per share, for the same period last year. Excluding certain items, adjusted earnings per share increased from $3.49 per share to $3.96, beating analysts’ estimates of $3.77 per share.
“We are very pleased with the continued strong operational execution of our strategy which positions the company well for the back half of the year,” Brian A. Kane, the Chief Financial Officer of the company, said in the statement on Wednesday. “This execution, coupled with the strategic moves we have made, will sustain this performance for 2019 and beyond.”