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Aetna’s 1Q profit jumps 36 pct, forecast climbs
San Francisco Chronicle

Aetna’s first-quarter net income soared 36 percent, fueled by gains from a multi-billion-dollar acquisition, and the health insurer hiked its 2014 earnings forecast above Wall Street expectations.

Its results breezed past analysts’ expectations, and Aetna shares jumped more than 4 percent in premarket trading.

The Hartford, Conn., insurer closed a $6.9 billion acquisition of fellow insurer Coventry Health Care last May, and it said Thursday that deal was the main factor behind its growth in this year’s first quarter.