The recent pushback on health care reform appears to have boosted the stock prices of health insurance companies, which have outperformed major indexes by quite a margin so far this year. That’s because Americans have been cutt…
The all-important January employment reports come out this week. Also worth watching for are a host of earnings releases, led by economic bellwhether UPS. The package deliverer is expected to post strong results.
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Insurance giant Aetna (AET) reported a 63% jump in earnings per share for the third quarter.
The company reported earnings per share of $1.19, up from 73 cents per share a year earlier, Aetna said in a statement.
The company attributed the jump in earnings to a higher commercial underwriting margin. Revenue dropped 3% from a year earlier to $8.46 billion.
“Aetna’s third-quarter…
Continue reading Aetna Earnings Per Share Jump 63%
Aetna Earnings Per Share Jump 63% originally appeared on DailyFinance on Wed, 03 Nov 2010 06:53:00.
Filed Under: Health Care, Earnings, Insurance