Market Overview

UPDATE: Cigna Posts Higher Q3 Profit, Lifts Full-Year Forecast

Share:
Related CI
Aetna's Withdrawal From Obamacare Linked To DOJ's Issues With Humana Acquisition
15 Biggest Mid-Day Losers For Friday
OPKO Health Is A Buy At $9 - Cramer's Lightning Round (8/29/16) (Seeking Alpha)

Cigna (NYSE: CI) reported a rise in its third-quarter profit and lifted its full-year adjusted earnings forecast.

Cigna now projects full-year adjusted earnings of $5.70 to $5.90 per share, versus its earlier view of $5.25 to $5.60 per share.

Its quarterly net income surged to $466 million, or $1.61 per share, from $183 million, or $0.67 per share, in the year-ago period.

Its revenue in its healthcare business surged around 51% to $4.92 billion.

Cigna shares closed at $51.00 yesterday.

Posted-In: profitEarnings News Guidance

 

Related Articles (CI)

View Comments and Join the Discussion!