Sunday, April 29, 2012

Insurer Aetna's 1Q profit tumbles 13 percent

FILE - A sign for the Aetna insurance is seen in a Hartford, Conn. file photo from Feb. 9, 2006. Aetna says its first-quarter net income fell 13 percent compared with 2011, when the health insurer recorded a $112 million gain because claims left over from previous quarters came in below expectations. (AP Photo/Douglas Healey, File)Shares of Aetna Inc. sank more than 8 percent Thursday after the health insurer reported a first quarter performance that missed Wall Street expectations, and it failed to raise its 2012 earnings forecast.


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