Health Net misses on profit

The health insurance provider's Q4 earnings per share slid 62% to 36 cents, 2 cents below estimates. Sales rose less than 1% to $2.83 bil, beating forecasts of $2.78 bil. Health Net (HNT) shares closed down fractionally. It has missed analysts' profit target 3 quarters in a row. On Aug. 3, its stock plunged 19% after it reported a 77% Q2 drop in EPS. It has struggled since. Still, despite nudging down Wed. after results, it's trading just below its 52-week high of 27.42 set July 19. Aetna (AET) reports early Thursday.

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