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Cigna: Q3 Earnings Snapshot
By AP News - Oct 31, 2024, 06:24 AM ET
Last Updated - Dec 16, 2024, 05:48 PM EST
BLOOMFIELD, Conn. (AP) — BLOOMFIELD, Conn. (AP) — The Cigna Group (CI) on Thursday reported third-quarter earnings of $739 million.
On a per-share basis, the Bloomfield, Connecticut-based company said it had profit of $2.63. Earnings, adjusted for investment costs and amortization costs, came to $7.51 per share.
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The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $7.22 per share.
The health insurer posted revenue of $63.69 billion in the period. Its adjusted revenue was $63.7 billion, also beating Street forecasts. Ten analysts surveyed by Zacks expected $59.83 billion.
Cigna expects full-year earnings to be $28.40 per share.
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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
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