The Downfall of Humana

Investors were left reeling as Humana Inc. HUM saw its shares plummet during Thursday’s session following the release of its fourth-quarter FY23 earnings and 2024 guidance.

The company’s fiscal report revealed a Q4 adjusted loss of 11 cents per share, marking a significant downturn from the previous year’s $1.97 per share earnings. This disappointing performance failed to meet the anticipated loss of 5 cents per share. Furthermore, although Humana reported adjusted revenue of $25.73 billion, surpassing the prior year’s $21.30 billion, it fell short of the expected $25.55 billion.

In reaction to this lackluster disclosure, Humana shares experienced a staggering 11.3% decline, settling at $356.93 on Thursday.

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