Aetna Lifts 2015 Guidance, Meets Views
Managed health-care company Aetna Inc. on Tuesday reported fourth-quarter earnings in line with expectations and lifted its full-year guidance. For the quarter, the company earned $232 million, or 65 cents a share, down 37% from $368.9 million, or $1 a share, in the same period last year. On an adjusted basis, Aetna made $1.22 a share, down 16% from the $1.45 it earned last year. Revenue rose 12% to $14.77 billion. Analysts surveyed by FactSet expected adjusted earnings of $1.22 a share on revenue of $14.58 billion. For 2015, the company said it now expects operating earnings per share of least $7, up from $6.90 projected earlier. Aetna shares didn't move premarket.
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