Aetna beats 2Q earnings expectations, misses revenue forecasts

MarketsAssociated Press

Aetna Inc. (AET) on Tuesday reported second-quarter earnings of $731.8 million.

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The Hartford, Connecticut-based company said it had net income of $2.08 per share. Earnings, adjusted for non-recurring gains, came to $2.05 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.

The health insurer posted revenue of $15.24 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $15.43 billion.

Aetna expects full-year earnings to be $7.40 per share.

Aetna shares have climbed 28 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 2 percent. The stock has increased 45 percent in the last 12 months.

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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 http://www.zacks.com/ap/AET

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