Three healthcare companies reported their earnings this morning and one of them, healthcare insurance provider Aetna (AET), came out with a strong positive earnings surprise. Pfizer (PFE) beat earnings estimates as well, but only by a cent. And at Merck & Co. (MRK) revenues were down, a result of disappointing sales of its diabetes and arthritis drugs.
Aetna's second-quarter earnings jumped by 17%, to $1.49 per share. The company adjusted its 2013 earnings to between $5.80 and $5.90, beating analyst ratings.
Pfizer's earnings were up on the back of a strong rise in net income. However, much of the extra cash came from a patent settlement, and actual revenue fell just short of the $13.03 billion dollars estimated by analysts.
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1.Pfizer Inc. (PFE, Earnings, Analysts, Financials):Offers prescription medicines for humans and animals worldwide. Market cap at $212.3B, most recent closing price at $29.54.
2.Aetna Inc. (AET, Earnings, Analysts, Financials):Operates as a diversified health care benefits company in the United States. Market cap at $20.77B, most recent closing price at $63.40.
3.Merck & Co. Inc. (MRK, Earnings, Analysts, Financials):Provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. Market cap at $146.08B, most recent closing price at $48.34.
(List compiled by James Dennin. Analyst ratings sourced from Zacks Investment Research. All other data sourced from Finviz.)
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