Aetna has reported second-quarter earnings of $731.8 million, a 33 percent bump on the same time last year, and a number that exceeded analysts’ expectations.
Earnings, adjusted for non-recurring gains, came to $2.05 per share.
The Hartford-based health insurer posted lower revenue than expected.
Aetna, along with the rest of the health insurance sector, is being closely watched as big consolidations take shape. Earlier this summer Aetna announced it would buy Kentucky based Humana.
Frontier Adds Internet Users
Shares of Stamford’s Frontier Communications soared Monday after the cable provider posted stronger than expected second-quarter financial results, despite an overall loss.
Frontier’s results were boosted by a big rise in Internet subscribers. The company said it gained more than 29,000 online customers in the quarter. Frontier reported a second-quarter loss of $28 million, largely the result of the cost of acquisitions.
Earnings, adjusted for one-time gains and costs, were three cents per share.
Home Sales Rise Again
Connecticut single-family home and condo sales rose in June, the fifth consecutive month of increases, according to the Boston-based Warren Group.
A total of 3,368 single-family homes sold in the Nutmeg State, up 19.9 percent compared with the same month in 2014.
Year-to-date, sales have climbed by 12.1 percent.
Despite the consistent sales boost, prices still languish. The median price of a single-family home fell by 4.4 percent in June to $264,900. For the first six months of this year, prices have fallen two percent, compared to the same period in 2014.
Connecticut Still Eyeing Deficit
The state won’t close its books on this fiscal year until September, and the final budget number still appears to be a moving target.
Comptroller Kevin Lembo now estimates Fiscal Year 2015 will end with a $70.9 million deficit. But Lembo did say that revenue will continue to come in through August, so that number could change.
If there is a deficit in the final analysis, it will be closed using money from the budget reserve or Rainy Day fund.
