By Allison Prang

Net income at Humana Inc. (HUM) rose in the second quarter as premium revenue increased and the company's year-earlier results included a $790 million business sale loss.

Profit was $940 million, up from $193 million for the comparable quarter a year earlier. Earnings were $6.94 a share, up from $1.39 a share.

Adjusted earnings were $6.05 a share, up from $3.96 a share. Analysts were expecting $5.31 a share.

Revenue rose 14%, to $16.25 billion. Analysts were expecting $15.93 billion.

For the comparable quarter a year earlier, the company recorded a $790 million loss on sale from its selling of subsidiary KMG America Corp. That hit earnings by $2.59 a share for that period.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

July 31, 2019 07:08 ET (11:08 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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