Aetna Forecasts 2014 Profit Below Analysts’ Estimates
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Aetna Inc., the third-biggest U.S. health insurer, predicted 2014 profit that would fall below analysts’ estimates, as the company deals with Medicare cuts from President Barack Obama’s health overhaul.
Aetna projected earnings of at least $6.25 a share in 2014, not counting amortization and other one-time items, the Hartford, Connecticut-based company said in a regulatory filing in advance of an investor conference today. Including those items, the forecast would be $5.82 a share, below the $6.22 average of 22 estimates compiled by Bloomberg.