In the news: Aetna beats and raises, Apple responds to Apple Pay detractors and more

Tuesday headlines include: Aetna beating earnings estimates, Apple responding to retailers shutting down Apple Pay, Alibaba’s Ma saying he’d be open to working with Apple on payments, and earnings from DuPont and T-Mobile.

Aetna

Health insurance giant Aetna (AET) said Tuesday that it earned $1.38 per share, or $1.79 per share on an adjusted basis. Operating revenue was $14.7 billion. Analysts had expected the company to earn $1.58 per share on $14.62 billion in operating revenue. Looking forward, the company said it expects adjusted earnings of $6.60 to $6.70 per share. The company had previously provided a range of $6.45 to $6.60 per share. Analysts had been predicting $6.59 per share

Apple

Technology giant Apple (AAPL) responded Monday to several retailers that have recently blocked the company’s new Apple Pay service. CEO Tim Cook said, “We’ve got a lot more merchants to sign up, we’ve got a lot of banks to sign up and we’ve got the rest of the world.” Apple said about 72 million credit cards were registered with the service in the first 72 hours after the service launched last week.

Alibaba

Meanwhile, Jack Ma, the head of Chinese internet giant Alibaba (BABA) said he is open to working with Apple on mobile payments. Alibaba is already affiliated with Alipay, China’s largest payment service, which recently debuted a mobile wallet that will work on the iPhone 6.

DuPont

Chemical company Dupont (DD) said Tuesday that it earned 47 cents per share in the third quarter on net sales of $7.51 billion. Adjusted earnings were 54 centers per share, topping estimates for 53 cents per share. Analysts had expected the company to net sales of $7.95 billion.

T-Mobile

Wireless carrier T-Mobile (TMUS) said Tuesday that it lost 12 cents per share in the third quarter on revenue of $7.35 billion. Analysts had expected the company to earn 3 cents per share on $7.51 billion in revenue. 

Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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