Summary Box: Aetna 2Q net income climbs 9 percent

AP News
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Posted: Jul 27, 2011 2:07 PM
Summary Box: Aetna 2Q net income climbs 9 percent

THE RESULTS: Health insurer Aetna Inc. said Wednesday it earned $536.7 million, or $1.39 per share, in the three months ended June 30. That's up from $491 million, or $1.14 per share, in the same period last year. Adjusted earnings were $1.35 per share, and total revenue slipped 2 percent to $8.34 billion.

THE EXPECTATIONS: Analysts surveyed by FactSet expected, on average, earnings of $1.07 per share on $8.25 billion in revenue.

RAISED FORECAST: Aetna now expects 2011 adjusted earnings of $4.60 to $4.70 per share, up from a forecast it made in April of $4.20 to $4.30 per share.