By Matt Grossman

 

Cigna Corp. on Friday raised its full-year earnings projection, although the company noted it expects to record a net unfavorable impact from the Covid-19 pandemic in the year.

The Bloomfield, Conn.-based healthcare company now expects full-year adjusted earnings of at least $20.20 a share, an increase of 20 cents from previous guidance. Analysts surveyed by FactSet had been forecasting full-year adjusted earnings of $20.27 a share.

The Covid-19 pandemic will lead to a forecast net unfavorable outlook of about $1.25 a share, the company predicted.

Cigna also raised its guidance for medical-customer growth. It now expects medical customers to increase by at least 350,000, compared with a previous estimate of at least 325,000.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

May 07, 2021 06:32 ET (10:32 GMT)

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