Coventry Health Care Inc, which is being bought by larger competitor Aetna Inc, reported a higher fourth-quarter profit Wednesday that beat analysts' expectations, helped by improvements in its Kentucky Medicaid business.The company earned a net income of $119 million, or 88 cents per share, up from $86 million, or 60 cents a share a year earlier.Analysts had expected Coventry to have earned 67 cents a share, excluding costs relating to the transaction with Aetna, according to Thomson Reuters I/B/E/S.Coventry's stated net earnings of 88 cents a share includes that cost of 3 cents per share.
Aetna Inc. (Aetna) is a diversified healthcare benefits company. Shares of AET fell by 0.2% or $-0.1/share to $49.45. In the past year, the shares have traded as low as $34.58 and as high as $51.14. On average, 3571340 shares of AET exchange hands on a given day and today's volume is recorded at 290373.
Coventry Health Care, Inc. (Coventry) is a diversified national managed healthcare company based in Bethesda, Maryland. Shares of CVH fell by 0.24% or $-0.1101/share to $46.29. In the past year, the shares have traded as low as $27.72 and as high as $46.58. On average, 944758 shares of CVH exchange hands on a given day and today's volume is recorded at 39604.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.36% or $0.11/share to $30.63. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 762574 shares of TRI exchange hands on a given day and today's volume is recorded at 65471.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.49% or $0.15/share to $30.55. In the past year, the shares have traded as low as $26.47 and as high as $31.22. On average, 852868 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 87234.
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