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November 2, 2009 Monday 6:13 AM EST
LENGTH: 129 words
HEADLINE: Humana sees 2010 profit fall after 65% net rise
BYLINE: Steve Goldstein
LONDON (MarketWatch) -- Humana (hum) said third-quarter net income climbed 65% to $301.5 million, or $1.78 a share, as revenue rose 8% to $7.72 billion. Earnings rose more quickly than sales due to year-earlier hits on investments and sales of distressed financial institution securities. The Louisville health insurer said 2010 earnings are seen between $5.05 and $5.25 a share, compared to its 2009 EPS view of $6.15, and it expects revenue next year growing to between $32 billion and $34 billion, compared to $31 billion in 2009. Analysts polled by FactSet expected a quarterly profit of $1.77 a share, 2009 EPS of $6.14 and 2010 EPS of $5.42.
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