Mighty health insurance provider
will issue its quarterly earnings results today. Analysts expect the company, based in Hartford, Conn., to post first-quarter EPS of a penny, according to research firm
Thomson Financial/First Call
. A month ago, the company warned of significantly lower-than-expected earnings for the quarter, citing increased medical costs. The disclosure sent the stock reeling.
The company recently agreed to sell its
New Jersey Medicaid
AmeriChoice of New Jersey
, a privately held company. Aetna said that 118,000 members will be switched over to AmeriChoice, but they have the option of choosing another health plan. The financial terms of the deal weren't disclosed.
Aetna gained 19 cents, or 0.8%, to close at $25.40 Wednesday.
As for economic events, the weekly
initial jobless claims and
import and export data for April are scheduled for release before the market's opening bell. The initial jobless claims figure should provide some clues to the next
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 8:30 a.m.:
Import Price Index for April. Source:
Labor Department. Forecast: unchgd. Previous: -1.6%.
Export Price Index: Forecast: n.a. Previous: -0.1%.
Initial Jobless Claims for the week ended May 5. Source:
Labor Department. Forecast: 417,000. Previous: 421,000.
Four-week average: Forecast: n.a. Previous: 404,500.
Speeches & Testimony
Federal Reserve Chairman
Alan Greenspan delivers a speech on the financial safety net in Chicago.