HARTFORD, Conn. (AP) – Aetna Inc. is reporting a first-quarter loss of $381 million, after reporting a profit in the same period a year earlier.
The Hartford, Connecticut-based company said it had a per-share loss of $1.11. Earnings, adjusted for one-time gains and costs, were $2.71 per share.
The results beat Wall Street expectations. Analysts expected earnings of $2.36 per share.
The health insurer posted revenue of $15.17 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $15.48 billion.
Aetna expects full-year earnings in the range of $8.80 to $9 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AET at https://www.zacks.com/ap/AET
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Keywords: Aetna, Earnings Report, Priority Earnings