UPDATE: Humana Q3 Profit Drops 13.6%

Humana

reported a 13.6% drop in its third-quarter profit. Humana's quarterly profit dropped to $368 million, or $2.31 per share, versus a year-ago profit of $426 million, or $2.62 per share. Its revenue rose 6.9% to $10.32 billion from $9.65 billion. However, analysts were projecting earnings of $2.15 per share on revenue of $10.34 billion. For 2014, Humana projects earnings of $7.25 to $7.75 per share. Humana shares closed at $93.95 yesterday.