Cigna Increases Adjusted. Earnings, Adjusted. Revenue Estimates, Lowers Medical Customer Growth Guidance
August 01 2019 - 8:26AM
Dow Jones News
By Allison Prang
Cigna Corp. (CI) raised its expectations for adjusted earnings
from operations and adjusted revenue but lowered its guidance for
medical customer growth.
The company now expects adjusted income from operations to be
between $16.60 a share and $16.90 a share. It had previously said
it was expecting between $16.25 a share and $16.65 a share.
Analysts polled by FactSet expect $16.53 a share.
Cigna expects between $136 billion and $137 billion in adjusted
revenue. It was expecting between $132.5 billion and $134.5
billion.
The company is expecting growth of about 200,000 medical
customers. It had been expecting medical customers to grow by
between 300,000 and 400,000.
The company expects its selling, general and administrative
expense ratio to be under 10%. It had been expecting it to be
between 10% and 10.5%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
August 01, 2019 08:11 ET (12:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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