Cigna Beats Earnings Forecast, Raises View

By Sara SjolinMarketWatch Pulse

Cigna Corp. on Friday said third-quarter profit rose to $547 million, or $2.10 a share, from $534 million, or $2.01 a share, in the year-ago period. On an adjusted basis, the health insurer reported earnings of $2.28 a share, compared with $2.06 in the same quarter last year. Revenue rose 7% to $9.4 billion from $8.6 billion. Analysts surveyed by FactSet expected earnings of $2.20 a share on revenue of $9.5 billion. The company lifted its 2015 full-year adjusted earnings guidance to $8.40 to $8.60 per share, an increase of 5 cents per share at the midpoint. Shares of Cigna slipped 2% in thin premarket trade.

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