Summary Box: Aetna 3Q profit slips, outlook rises

AP News
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Posted: Oct 27, 2011 11:07 AM
Summary Box: Aetna 3Q profit slips, outlook rises

THIRD QUARTER: Health insurer Aetna Inc. said Thursday it earned $490.4 million, or $1.30 per share. That's down from $497.6 million last year. Earnings per share rose from $1.19 last year because the company had fewer shares outstanding this year.

Revenue excluding capital gains fell 1 percent to $8.4 billion. Adjusted earnings were $1.40 per share.

THE EXPECTATIONS: Analysts surveyed by FactSet expected earnings of $1.15 per share on $8.28 billion in revenue.

A NEW OUTLOOK: The insurer now expects 2011 adjusted earnings of $5 per share, up from its previous forecast of $4.60 to $4.70 per share.