Cigna Raises Full-Year Guidance
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
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 firstname.lastname@example.org
(END) Dow Jones Newswires
May 07, 2021 06:32 ET (10:32 GMT)
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