Cigna Results Ahead Of Expectations, Raises 2017 Outlook

By Carla MozeeMarketsMarketWatch Pulse

Health insurance provider Cigna Corp. on Friday posted quarterly adjusted earnings and revenue that exceeded Wall Street's forecasts. First-quarter net earnings were $598 million, or $2.30 a share, up from $519 million, or $2 a share, a year ago. Adjusted net earnings of $2.77 were ahead of a FactSet consensus of $2.45 a share. Revenue for the most recent period was $10.39 billion, an increase from $9.88 billion a year ago. Wall Street anticipated revenue of $10.12 billion. Cigna raised its 2017 forecast for adjusted income from operations, and now expects $9.25 to $9.75 a share. Analysts currently expect $9.52 a share.

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