UPDATE: Cigna Posts Higher Q3 Profit, Lifts Full-Year Forecast
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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.