Aetna says its first-quarter net income soared 36 percent, fueled by gains from a multi-billion-dollar acquisition. The health insurer raised its 2014 earnings forecast.
The Hartford, Conn., insurer earned $665.5 million, or $1.82 per share, in the January-March period. That's up from $490.1 million, or $1.48 per share, a year earlier.
Adjusted earnings totaled $1.98 per share, not counting charges. Analysts forecast earnings of $1.53 per share.
Revenue jumped 47 percent to $13.99 billion. Analysts expected about $13.6 billion in revenue.
Aetna closed its $6.9 billion acquisition of Medicare and Medicaid coverage provider Coventry Health Care last May.
The insurer says it now expects 2014 adjusted earnings to range between $6.35 and $6.55 per share. It had previously forecast at least $6.25 per share.
Analysts expect $6.31 per share.