HUM lowered guidance for Q1 to $0.44 - $0.46/share.
This follows a terrible day yesterday which saw shares lose 24% following lowered guidance from WLP. Premarket bid is currently $39, over 8 points below yesterday's close ($47.38).
Wednesday, March 12, 2008
Humana (HUM) cuts Q1 earnigs view
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3 comments:
Humana now anticipates EPS for 1Q08 in the range of $0.44 to $0.46 versus its previous guidance of $0.80 to $0.85 with EPS for FY08 now projected to be in the range of $4.00 to $4.25 compared to previous guidance of $5.35 to $5.55.
http://biz.yahoo.com/bw/080312/20080312005369.html?.v=1
Off 20% premarket on 1.2 million shares.
Closed 13.8% lower($40.88) after being as much as 25% lower in early trading.
Several analysts came out midday with positive comments, citing a one-time mispricing of a Medicaid contract that can be renegotiated in 2009.
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