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

Cigna

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.