![]() Investors also speculated that President Barack Obama’s stimulus plan won’t revive the economy. stocks fell after the Labor Department reported that the number of people collecting jobless benefits rose to a record 4.81 million in the last week of January. in New York Stock Exchange composite trading. Aetna’s forecast excludes increased pension expenses of 54 cents a share. The company forecast operating earnings this year of $3.85 to $3.95 a share, compared with an average estimate of $3.90 among analysts. Aetna repurchased $1.8 billion in stock in 2008.įourth-quarter net income fell to $194.7 million, or 42 cents a share, from $448.4 million, or 87 cents a share, a year earlier, Aetna said today in a statement. “The company is adequately capitalized,” facing no threat of ratings cuts or action from insurance regulators, and “can continue an attractive share buyback program,” Gupte said in the note today. ![]() That represents 1 percent of the company’s portfolio, said Ana Gupte, an analyst at Sanford C. managed-care companies, and Aetna’s amounted to $218.5 million in the fourth quarter. Last year’s collapse of financial markets caused investment losses at the largest U.S. The Hartford, Connecticut, company maintained its earnings forecast for the year, saying it expects to add customers. ![]() Without those expenses and costs for a legal settlement, Aetna’s fourth-quarter earnings of 96 cents a share beat analysts’ estimates by 2 cents. health insurer, reported a 57 percent drop in profit because of investment losses and expenses for eliminating jobs. Xmas Day Aetna Quarterly Profit Drops 57% on Investment LossesĪetna Inc., the third-largest U.S.
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