Humana Inc. shares rose as much as 2% in premarket trade Wednesday after the company reported first-quarter profit and revenue beats and raised its 2018 profit outlook. Earnings for the latest quarter declined to $707 million, or $3.53 per share, from $1.69 billion, or $7.49 per share in the year-earlier period. Adjusted earnings-per-share were $3.36, above the FactSet consensus of $3.19 per share. Revenue rose to $14.28 billion from $13.76 billion, above the FactSet consensus of $14.16 billion. The latest results include higher revenues in Humana’s retail regment, largely due to its Medicare Advantage business, and its group and specialty segments, as well as lower revenues due to exiting the individual commercial business, which the company did effective January 1, 2018. Humana also raised its 2018 adjusted EPS guidance from $13.50 to $14.00 to $13.70 to $14.10, compared with the FactSet consensus of $13.87, and raised its 2018 EPS guidance from $13.16 to $13.66 to $13.54 to $13.94. Humana shares have surged 6.8% over the last three months, compared with a 3.9% drop in the S&P 500 and a 5.6% drop in the Dow Jones Industrial Average .