HARTFORD, Conn. (AP) _ Aetna Inc. (AET) on Thursday reported third-quarter profit of $603.9 million.
On a per-share basis, the Hartford, Connecticut-based company said it had profit of $1.70. Earnings, adjusted for one-time gains and costs, came to $2.07 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.
The health insurer posted revenue of $15.75 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $15.76 billion.
Aetna expects full-year earnings in the range of $7.95 to $8.05 per share.
Aetna shares have increased nearly 3 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen nearly 5 per cent. The stock has risen 3 per cent in the last 12 months.
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 http://www.zacks.com/ap/AET
Keywords: Aetna, Earnings Report, Priority Earnings