Aetna Inc. (AET) Posts a 16 Percent Profit Jump
Aetna Inc. announced a 16 percent jump in profits for its second quarter Thursday as the insurer capitalized on premium and fee increases, membership growth, cost containment and higher investment income.
The Hartford-based company reported profits of $451.3 million, or 85 cents per share, compared with earnings of $389.5 million, or 67 cents per share during the same period last year.
Revenue for the three months ended June 30 increased to $6.79 billion, up nearly 9 percent from $6.25 billion in the same quarter last year.
Per-share earnings beat the estimate of 80 cents by analysts polled by Thomson Financial.
The Hartford-based company reported profits of $451.3 million, or 85 cents per share, compared with earnings of $389.5 million, or 67 cents per share during the same period last year.
Revenue for the three months ended June 30 increased to $6.79 billion, up nearly 9 percent from $6.25 billion in the same quarter last year.
Per-share earnings beat the estimate of 80 cents by analysts polled by Thomson Financial.
Labels: AET, Aetna Inc.
posted by Stock Administrator @ 8:28 AM
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