Cigna 3Q Profit, Revenue Rise on the Return of Elective Care
By Dave Sebastian
Cigna Corp. said its profit and revenue for the third quarter
rose as elective care picked up after being deferred due to the
The Bloomfield, Conn.-based health-care company Thursday posted
net income of $1.39 billion, or $3.78 a share, compared with $1.35
billion, or $3.57 a share, in the year-earlier period. Adjusted
earnings were $4.41 a share.
Analysts polled by FactSet had been expecting earnings of $3.25
a share, or $4.24 a share on an adjusted basis.
Revenue grew 6.22% to $40.96 billion. Analysts had been looking
for $39.15 billion. Adjusted revenue was $40.8 billion.
Cigna said it expects 2020 adjusted earnings from operations of
$18.30 to $18.60 a share on adjusted revenue of $158 billion. It
previously targeted adjusted earnings from operations of $18 to
$18.60 a share on adjusted revenue of $154 billion to $156
Write to Dave Sebastian at email@example.com
(END) Dow Jones Newswires
November 05, 2020 06:43 ET (11:43 GMT)
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