Health insurer Aetna swings to a first-quarter profit.
The nation's third largest insurer said Tuesday that it swung to a profit after booking a loss in the first three months of 2017 due to costs from another deal, its failed bid to acquire rival Humana. Several months after regulators rejected that combination,
Shareholders of both companies approved that deal earlier this year, and company leaders expect it to close in the second half of 2018. But it still needs government approval.
In the first quarter,
Analysts expected, on average, earnings of
Health insurance is
Leaving the exchanges also helped drop
Shares of
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a
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