“Aetna Inc.’s third-quarter earnings rose 2 percent and trumped expectations as revenue gains outweighed costs tied to paying off debt and the insurer’s purchase of Coventry Health Care.
The Hartford, Conn., insurer said Thursday it earned $499.2 million, or $1.47 per share, in the three months that ended Sept. 30. That’s up from $490.4 million, or $1.30 per share, in last year’s quarter.
Aetna earned $1.55 per share, excluding the one-time costs and capital gains. That topped the average analyst forecast of $1.33 per share, according to FactSet.
Total revenue, which counts capital gains, climbed 5 percent to $8.92 billion. Analysts expected $8.83 billion.”
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