Aetna: 1Q Earnings Snapshot

HARTFORD, Conn. (AP) — Aetna Inc. (AET) on Tuesday reported first-quarter net income of $1.21 billion, after reporting a loss in the same period a year earlier.

The Hartford, Connecticut-based company said it had net income of $3.67 per share. Earnings, adjusted for non-recurring gains, came to $3.19 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.97 per share.

The health insurer posted revenue of $15.34 billion in the period. Its adjusted revenue was $15.33 billion, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $15.32 billion.

Aetna shares have fallen roughly 1 per cent since the beginning of the year, while the Standard & Poor’s 500 index has declined 1 per cent. The stock has risen 33 per cent in the last 12 months.

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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