Shares of Cigna Corp. undefined gained 0.2% in premarket trading Friday, after the health care services company reported first-quarter profit and revenue...
Shares of Cigna Corp. gained 0.2% in premarket trading Friday, after the health care services company reported first-quarter profit and revenue that rose above expectations, and provided and upbeat full-year earnings outlook. Net income rose to $1.18 billion, or $3.68 a share, from $1.16 billion, or $3.30 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $6.01 was well above the FactSet consensus of $5.18. Total revenue grew 7.4% to $44.
30 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $6.01 was well above the FactSet consensus of $5.18. Total revenue grew 7.4% to $44.01 billion, beating the FactSet consensus of $43.39 billion, as pharmacy revenue increased 9.5% to $30.70 billion and premiums rose 1.4% to $10.36 billion. Total customer relationships increased 7.2% to 190.37 million, while total pharmacy customers rose 6.4% to 107.44 million.
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