Cantor Fitzgerald Downgrades Aetna (AET) to Neutral
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October 31, 2017 6:03 AM EDT
Aetna (NYSE: AET) reported Q3 EPS of $2.45, $0.37 better than the analyst estimate of $2.08. Revenue for the quarter came in at $14.95 billion versus the consensus estimate of $15.12 billion.
Total Company Results
Net income(1) was $838 million for third-quarter 2017 compared with $604 million for third-quarter 2016. The increase in net income during third-quarter 2017 was primarily due to the increase in adjusted earnings described below and lower transaction and integration-related costs in 2017 compared to 2016.Adjusted earnings(2) were $814 million for third-quarter 2017 compared with $734 million for third-quarter 2016. The increase in adjusted earnings during third-quarter 2017 was primarily due to...
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October 26, 2017 4:09 PM EDT
(Reuters) - Drug retailer CVS Health Corp (NYSE: CVS) is in talks to buy health insurer Aetna Inc (NYSE: AET), the Wall Street Journal reported on Thursday, citing sources.
Aetna's shares closed up 11.5 percent at $178.60, after hitting $184.98.
CVS... More
