Cigna: Q2 Earnings Snapshot
BLOOMFIELD, Conn. (AP) — BLOOMFIELD, Conn. (AP) — The Cigna Group (CI) on Thursday reported second-quarter net income of $1.55 billion.
On a per-share basis, the Bloomfield, Connecticut-based company said it had net income of $5.45. Earnings, adjusted for one-time gains and costs, were $6.72 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $6.42 per share.
The health insurer posted revenue of $60.52 billion in the period. Its adjusted revenue was $60.47 billion, also topping Street forecasts. Ten analysts surveyed by Zacks expected $58.49 billion.
Cigna expects full-year earnings to be $28.40 per share, with revenue expected to be $235 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CI at https://www.zacks.com/ap/CI
