Breaking News Bar
posted: 1/30/2018 7:00 AM

Aetna beats 4Q profit forecasts

hello
Success - Article sent! close
  • FILE - This Thursday, June 1, 2017, file photo shows a sign on the campus of the Aetna headquarters in Hartford, Conn. Aetna Inc. reports earnings Tuesday, Jan. 30, 2018.

    FILE - This Thursday, June 1, 2017, file photo shows a sign on the campus of the Aetna headquarters in Hartford, Conn. Aetna Inc. reports earnings Tuesday, Jan. 30, 2018.
    Associated Press

 
 

HARTFORD, Conn. -- 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.

_____

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

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.