HARTFORD, Conn. (AP) — Aetna, which is being acquired by CVS Health Inc., is reporting that it swung to a first-quarter profit.
The health insurer reported net income of $1.21 billion Tuesday, after reporting a loss in the same period a year earlier.
The Hartford, Connecticut, company had net income of $3.67 per share, or $3.19 when adjusted for non-recurring gains. That's far above the $2.97 industry analysts were expecting, according to a survey by Zacks Investment Research.
Revenue was $15.34 billion, or $15.33 billion, when adjusted, also edging out forecasts.
Shares of Aetna Inc. are edging lower before the opening bell.
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