Humana&#39;s Quarterly Earnings Rise
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Health insurer Humana Inc. posted a rise in quarterly profit on Monday as the company&#39;s Medicare business gained and it kept health premiums ahead of soaring underlying medical costs.
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Southwest Airlines and Continental Airlines posted higher quarterly earnings yesterday as fuller planes and fare increases helped offset soaring fuel costs.
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UnitedHealth Group Inc. on Thursday said quarterly profit jumped nearly 46 percent as medical costs stabilized, and the No. 2 health insurer also boosted its 2005 forecast.
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German drugs and chemicals group Merck has reported quarterly earnings that have easily beaten forecasts thanks to strong sales of cancer drug Erbitux and a one-off payment for an alcoholism drug.
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Humana Inc  posted sharply higher profit on Monday, above Wall Street's target, on continued strength in its Medicare health plans for the elderly and its plans for employers, and forecast next year's earnings ahead of expectations.
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Schering-Plough Corp.  on  Monday reported quarterly earnings far higher than Wall Street  expected, fueled by growing demand for its drugs against  cholesterol, arthritis, allergies and hepatitis C.
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Hormel Foods Corp.  on Wednesday posted higher quarterly profit, in line with raised expectations it announced earlier this month, and gave a forecast for current-quarter earnings that was higher than analysts' estimates.
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Health-care insurer Humana Inc. on Monday said it agreed to acquire CarePlus Health Plans of Florida for about $408 million in a transaction expected to give a solid boost to 2005 earnings.
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Merck & Co. on Monday said second-quarter earnings rose on higher sales of its new vaccines and medicines, and the company raised its 2007 profit forecast amid continuing strong demand for the medicines.
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Humana, the biggest manager of health plans for the United States military, said yesterday that third-quarter profit rose 36 percent on higher revenue from Medicare and medical cost controls.
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Starbucks Corp. said quarterly earnings increased 31 percent on the strong holiday sales, and the coffee retailer raised its earnings forecast slightly for its current fiscal year.
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Health insurer Humana Inc.  on  Monday said second-quarter net income rose 10 percent, helped  by better-than-expected results in its Medicare Advantage and  commercial and Tricare units.
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Humana Inc. reported third-quarter net income of $84.3 million, or 52 cents per share, up from $62.1 million, or 38 cents per share, a year earlier.
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Health insurer Humana Inc  said on Monday that fourth-quarter profit soared 57 percent, beating Wall Street's expectations, on strength in its Medicare plans for older Americans.
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Hormel Foods Corp.  on Wednesday posted higher quarterly profit, in line with raised expectations it announced earlier this month, and gave a forecast for current quarter earnings that was higher than analysts estimates.
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Power company Edison International  said on Wednesday its quarterly earnings rose, helped by higher revenue from its utility arm and higher income from its Edison Capital unit.
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Medco Health Solutions Inc  on Tuesday posted higher-than-expected quarterly earnings, helped by sales of generic drugs, and the pharmacy benefit manager boosted its full-year profit forecast.