Cigna Results Ahead Of Expectations, Raises 2017 Outlook

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.