UPDATE 2-Cigna posts second-quarter profit beat, raises 2019 earnings forecast [Reuters]
The Cigna Group (CI)
Last the cigna group earnings: 4/30 06:00 am
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Source: Reuters
Cigna posts higher second-quarter profit on pharmacy benefits business (Reuters) - Health insurer Cigna Corp ( CI.N Cigna now sees 2019 adjusted income from operations between $16.60 and $16.90 per share, from a prior range of $16.25 to $16.65 per share. Analysts were expecting $16.53 per share, according to IBES data from Refinitiv. Adjusted revenue from its health services business, which now includes the pharmacy benefits business acquired as part of its $52 billion Express Scripts deal, rose to $23.54 billion from $1.11 billion in the year-ago quarter. Excluding items, Cigna said it earned $4.30 per share. The company’s net income rose to $1.41 billion, or $3.70 per share, in the quarter ended June 30, from $806 million, or $3.29 per share, a year earlier. Adjusted revenue nearly tripled to $34.38 billion. Reporting by Aakash Jagadeesh Babu and Tamara Mathias in Bengaluru; Editing by Shailesh Kuber Our Standards: The Thomson Reuters Trust Principles.
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- 10/31/24 - Beat
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- 11/19/24 - Form 4
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