Aetna Inc. (NYSE:AET) 2Q18 Earnings Beat Street View

Aetna

Aetna Inc. (NYSE:AET) reported net income of $ 1.21 billion or per share of $ 3.67 for the second quarter.

The company delivered revenue of $ 15.56 billion for the same period representing year-over-year growth of 0 percent that exceeded street analysts expectation by $ 61 million.

However, on an adjusted basis, Aetna reported Non-GAAP adjusted income of $ 3.43 a share for the same period that exceeded market expectations.

Analysts polled by Thomson Reuters expected Aetna to report income of $ 3.04 per share on revenue of $ 15.50 billion for the second quarter. Analysts estimate normally exclude one time gain or loss.

Our solid second quarter results reflect an ongoing commitment to operational excellence and to improving the health and wellbeing of the people we serve. Our strategy is focused on placing the consumer at the center of everything we do, and I am pleased with our progress toward building a simpler, more affordable and responsive health care experience for our members, said Mark T. Bertolini, Aetna chairman and CEO.

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