UPDATE: Cigna Posts Drop In Q4 Profit
Cigna (NYSE: CI) reported a drop in its fourth-quarter earnings.
Cigna's quarterly earnings fell to $361 million, $1.29 per share, from $406 million, $1.41 per share, in the year-earlier period. On an adjusted basis, it earned $1.39 per share.
Its revenue climbed to $8.15 billion versus $7.62 billion. However, analysts were expecting earnings of $1.48 per share on revenue of $8.059 billion.
Cigna shares closed at $85.37 yesterday.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.