We are downgrading our recommendation on the shares of Aetna Inc. (NYSE:AET) following the soft first quarter 2012 results. Reported quarter earnings missed the Zacks Consensus Estimate by 6 cents per share. Earnings also declined 6.3% year over year. Despite the increase in revenues, growth did not trickle down to the bottom-line results due to higher health care costs and operating expenses.
Though Aetna’s earnings fell short of the Zacks Consensus Estimate, we expect it to record top-line … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards