Earnings watch: Humana, Anadarko

The health insurer guides higher, and the oil company is expected to post a gain.

By TheStreet Staff Oct 31, 2011 8:34AM
By Andrea Tse, TheStreetTheStreet

 

Humana (HUM), the health insurer, earned $2.54 a share on an adjusted basis in the third quarter, topping analysts' estimates, and it raised guidance for 2011. Analysts were expecting third-quarter profit of $2.03 a share. Humana said it expects earnings in 2011 of $8.35 to $8.40 a share, up from its previous estimate of $7.50 to $7.60 a share.


Anadarko Petroleum (APC) is expected to report third-quarter earnings of 67 cents a share after the markets close, up from 21 cents a share at the same time last year.

 

Insurance company Allstate (ALL) is expected to report a third-quarter profit of 8 cents a share after the markets close, down from 83 cents a share a year ago.

 

Atlas Pipeline Partners (APL) is expected to post third-quarter profit of 37 cents a share after the close. That's compared with a loss of 37 cents a share the same time last year.


Post continues below.

Insurance company Loews (L) reported third-quarter earnings of 40 cents a share, missing the average analyst estimate of 66 cents a share but rising from earnings of 9 cents a share the same time last year.

 

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In other company news, securities firm MF Global (MF) was close to a deal to file for Chapter 11 bankruptcy protection as soon as Monday and sell its assets to Interactive Brokers Group (IBKR), The Wall Street Journal reported, citing a person familiar with the matter.

 

Credit Suisse (CS) is announcing a reduction of 1,000 jobs as part of its investment bank restructuring to comply with new capital regulations.

 

Green Mountain Coffee Roasters (GMCR) traders are paying the most for bearish options since April 2009 as a result of hedge fund manager David Einhorn's raising red flags on the company’s accounting practices, according to data compiled by Bloomberg.

 

Warner Music owner Len Blavatnik took back his offer for EMI's recorded-music business after failing to agree on a price with owner Citigroup (C), Bloomberg reports.

 

Networking equipment maker Juniper Networks (JNPR) was upgraded to outperform from sector perform at RBC Capital.

 

1Comment
Oct 31, 2011 9:54AM
avatar

HUMANA took over one of the Best PGA golf event and changed its name.......

From the Bob Hope Classic........to the Humana Challenge....why not OBAMA Challenge

What a disgrace.........

and above all, Bill Clinton will their 'figure' of speech...I guess

 

Tradition is gone and the Coachella Valley residents are pissed........

Mr. Hope and family deserve better and so do the Valley residents...

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