Aetna Profit, Revenue Rise
October 30 2018 - 7:26AM
Dow Jones News
By Bowdeya Tweh
Aetna Inc.'s (AET) third-quarter profit rose 19% from a year
earlier to $1 billion, or $3.03 a share. Excluding one-time items,
Aetna earned $2.96 a share.
Analysts polled by Refinitiv expected adjusted earnings of $2.83
a share.
Aetna's medical membership as of Sept. 30 was 22.15 million,
compared with 22.08 million as of June 30 and 22.17 million a year
earlier.
Revenue rose 3% from a year earlier to $15.48 billion. Analysts
expected $15.29 billion.
The U.S. Justice Department cleared CVS Health Corp.'s
acquisition of Aetna earlier this month after the companies took
steps to ease regulators' concerns about the transaction.
Write to Bowdeya Tweh at bowdeya.tweh@wsj.com
(END) Dow Jones Newswires
October 30, 2018 07:11 ET (11:11 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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