Humana (HUM) Jumps 12.4% on Higher Revenues, Growth Outlook

We recently published 10 Stocks With Shocking Surges. Humana Inc. (NYSE:HUM) is one of the best-performing stocks on Wednesday.

Humana Inc. extended its rally for a second day on Wednesday, jumping 12.40 percent to close at $261.47 apiece as investor sentiment was bolstered by higher revenues and growth outlook for the rest of the year.

In its earnings release, Humana Inc. (NYSE:HUM) said revenues increased by 9.6 percent in the second quarter of the year at $32.39 billion from $29.54 billion year-on-year, pushing the first half figure up by 9 percent to $64.5 billion from $59.1 billion.

Attributable net income, however, dropped by 19.7 percent to $545 million in the second quarter of the year from $679 million in the same period last year, while the first six months saw a 26-percent expansion to $1.789 billion from $1.42 billion.

Buoyed by the strong performance, Humana Inc. (NYSE:HUM) raised its revenue growth outlook for the full-year period to at least $128 billion from the previous $126 billion.

It also upgraded its adjusted EPS forecast to $17 from $16.25 apiece.