Aetna, which got a step closer this month to completing its $69 billion merger with CVS Health this month, is reporting better-than-expected profits and revenue.
The Hartford, Connecticut, company on Tuesday reported third-quarter net income of $1 billion, or $3.03 per share. Earnings, adjusted for non-recurring gains, were $2.96 per share, or 12 cents better than Wall Street had expected, according to a survey by Zacks Investment Research.
The health insurer’s revenue was $15.48 billion, or $15.51 billion adjusted, which is also above analyst projections.
Shares of Aetna Inc. have increased 8 percent since the beginning of the year.
Source: The Associated Press