Aetna books quarterly loss on failed Humana bid

Aetna booked a $381-million, first-quarter loss mainly due to its failed bid for rival Humana, but the nation’s third largest health insurer still beat earnings expectations and raised its 2017 forecast. Aetna says it now expects adjusted earnings of $8.80 to $9 per share for the full year, up from its previous projection for at least $8.55 per share and more in line with Wall Street forecasts. Analysts expect, on average, earnings of $8.88 per share for 2017, according to FactSet. In the first ...

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