Humana Shares Slide as Forecast for 2024 Profit Disappoints
Humana Inc. offices building in Louisville, Kentucky.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Humana Inc. shares lost the most in five months after executives said the initial outlook for 2024 profit growth would be at the low end of its forecast.
Adjusted earnings per share will increase at the lower end of the company’s 11% to 15% long-term target next year, executives said Wednesday on a call with analysts. The shares tumbled 4.2% at 11:17 a.m. in New York, the most intraday since June.