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Humana Posts Low Profit

Health insurer Humana Inc posted a quarterly net profit which was hurt by a variety of expenses. Humana said fourth-quarter net income fell 57 percent to $107.3 million, or 63 cents per share, from $250.7 million, or $1.48 per share, a year ago but raised its 2011 earnings forecast on better-than-expected sales of its Medicare plans for the elderly. Its revenue rose more than 9 percent to $8.35 billion. The company now expects 2011 earnings of $5.70 to $5.90 per share, up from its prior range of $5.45 to $5.65.