Market Overview

Recap: Cigna Q2 Earnings

Share:

Shares of Cigna (NYSE:CI) moved higher by 0.7% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 35.12% year over year to $5.81, which beat the estimate of $5.15.

Revenue of $39,205,000,000 up by 14.05% year over year, which beat the estimate of $37,750,000,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $18.00 and $18.60.

The upcoming fiscal year's revenue expected to be between $154,000,000,000 and $156,000,000,000.

How To Listen To The Conference Call

Date: Jul 30, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ya4559xg

Price Action

Company's 52-week high was at $224.64

Company's 52-week low was at $118.50

Price action over last quarter: down 1.97%

Company Profile

Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services were greatly expanded by its 2018 merger with Express Scripts and are mostly sold to health insurance plans and employers. Its largest PBM contract after Anthem will be with the Department of Defense. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage and the individual exchanges. The company operates mostly in the U.S., but its services extend internationally in over 30 countries.

 

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Posted-In: Earnings News