HARTFORD, Conn. – Aetna is reporting a third-quarter profit of $838 million, easily beating Wall Street expectations, though revenue was weaker than expected.
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The Hartford, Connecticut, company had profit of $2.52 per share, or $2.45 when adjusted for one-time charges and gains. That’s much better than the per-share forecast of $2.06 from industry analysts.
The health insurer posted revenue of $14.99 billion, also adjusted, to $14.95 billion, short of Wall Street’s expectation of $15.11 billion.
Aetna expects full-year earnings to be $9.75 per share.
Shares of Aetna Inc. have climbed 38 percent since the beginning of the year.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on AET at https://www.zacks.com/ap/AET
