Aetna stock falls 10% on medical cost worries

Hartford Courant, April 30, 2009

Aetna Inc.'s first-quarter profit beat Wall Street's estimates, but higher than expected medical costs tied to the recession alarmed investors and drove the company's stock price down more than 10%. Net income at Hartford-based Aetna inched up 1% to $437.8 million, or 95 cents a share, from $431.6 million, or 85 cents a share, a year earlier.