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Aetna 2Q profit rises 2.4 percent

FILE - In this July 31, 2008 file photo, a woman strides past the Hartford, Conn., headquarters of Aetna, Inc. Health insurer Aetna Inc. reports quarterly financial results on Tuesday, July 29, 2014. (AP Photo/Bob Child, File)
FILE - In this July 31, 2008 file photo, a woman strides past the Hartford, Conn., headquarters of Aetna, Inc. Health insurer Aetna Inc. reports quarterly financial results on Tuesday, July 29, 2014. (AP Photo/Bob Child, File) FILE - In this July 31, 2008 file photo, a woman strides past the Hartford, Conn., headquarters of Aetna, Inc. Health insurer Aetna Inc. reports quarterly financial results on Tuesday, July 29, 2014. (AP Photo/Bob Child, File)

By Associated Press 1 min read

HARTFORD, Conn. (AP) – Aetna Inc. (AET) on Tuesday reported profit that climbed by 2.4 percent in its second quarter, and topped analysts’ expectations.

The Hartford, Connecticut-based company said profit increased to $548.8 million, or $1.52 per share, from $536 million, or $1.49 per share, in the same quarter a year ago.

Earnings, adjusted for amortization costs and non-recurring costs, came to $1.69 per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of $1.61.

The company said revenue climbed 26 percent to $14.51 billion from $11.54 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $13.97 billion, according to Zacks.

Aetna shares have climbed $16.23, or 24 percent, to $84.82 since the beginning of the year, while the Standard & Poor’s 500 index has climbed 7.1 percent. The stock has risen $21.42, or 34 percent, in the last 12 months.