Business

Aetna beats 4Q profit forecasts

Posted January 30, 2018 6:00 am

The Associated Press

HARTFORD, Conn. (AP) - Aetna is reporting a better-than-expected profit of $244 million for the fourth quarter.

The Hartford, Connecticut, company's per-share profit was 74 cents, or $1.25 when adjusted for one-time charges and costs. That beat Wall Street projections by 7 cents, according to a poll of industry analysts by Zacks Investment Research.

The health insurer posted revenue of $14.85 billion. Adjusted revenue was $14.74 billion, which is just shy of analyst expectations for $14.89 billion.

There was no early trading Tuesday in shares of Aetna Inc., which are up 7 percent this year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AET at https://www.zacks.com/ap/AET

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