Aetna (AET) Tops Q1 EPS by 22c

Aetna (NYSE: AET) reported Q1 EPS of $3.19, $0.22 better than the analyst estimate of $2.97. Revenue for the quarter came in at $15.22 billion versus the consensus estimate of $15.29 billion.

“Our core businesses performed well in the quarter, generating strong earnings per share growth and delivering significant value to our members, clients and shareholders,” said Mark T. Bertolini, Aetna chairman and CEO. “Our Medicare growth strategy remains on track as we grew to serve nearly 250,000 additional Medicare Advantage members in the first quarter. We are pleased with our strong start to the year and remain focused on our business priorities as we plan for our projected combination with CVS Health in the second half of 2018.”

"Our first quarter operating results were largely in line with our expectations as favorable prior years’ reserve development more than offset higher than projected flu related medical costs,” said Shawn M. Guertin, Aetna executive vice president and CFO. “Our operating results continue to be supported by a solid balance sheet and strong cash flow and adjusted margins."

For earnings history and earnings-related data on Aetna (AET) click here.

You May Also Be Interested In

• Abbott (ABT) Tops Q2 EPS by 3c; offers guidance
• Main Street Capital posts preliminary Q2 2026 estimates with NAV gain
• Commerce Bancshares (CBSH) Tops Q2 EPS by 4c, Beats on Revenue