Cigna Reports Higher Revenue, Upbeat Outlook On Earnings

By Barbara Kollmeyer Markets MarketWatch Pulse

Cigna Corp. reported higher revenue on Thursday, boosted by growth in its customer units, and posted an upbeat outlook on earnings for this year. The health-insurance provider reported fourth-quarter adjusted earnings per share of $1.87, unchanged from the year-ago period. That matched expectations of analysts polled by FactSet Research. Revenue rose to $9.94 billion from $9.52 billion in the year-ago period. Cigna said for the full year 2017, it's expecting consolidated adjusted income from operations in the range of $2.35 billion to $2.48 billion, or $9.00 to $9.50 per share. Shares were unchanged in premarket activity.

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