07:30 AM EDT, 04/24/2024 (MT Newswires) -- Humana (HUM) reported Q1 adjusted earnings Wednesday of $7.23 per share, down from $9.38 a year earlier.

Analysts polled by Capital IQ expected $6.

Revenue for the quarter ended March 31 was $29.61 billion, up from $26.74 billion a year earlier.

Analysts surveyed by Capital IQ expected $28.49 billion.

The company said it continues to expect 2024 adjusted earnings of roughly $16 per diluted share. Analysts polled by Capital IQ expect $16.13.

Humana's shares rose 3.2% in recent premarket activity.

Price: 338.50, Change: +10.52, Percent Change: +3.21