Cigna Profit Rises Led By Strength in Health Services, Medical Units

Date : 05/02/2019 @ 11:49AM
Source : Dow Jones News
Stock : Cigna Corporation (CI)
Quote : 152.4  1.57 (1.04%) @ 1:00AM
Cigna share price Chart

Cigna Profit Rises Led By Strength in Health Services, Medical Units

Cigna (NYSE:CI)
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6 Months : From Apr 2019 to Oct 2019

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By Kimberly Chin

 

Cigna Corp. (CI) said first-quarter profit rose by 50%, lifted by strong revenue from its health services and medical segments.

Cigna reported earnings of $1.37 billion, or $3.56 a share, compared with $915 million, or $3.72 a share, a year earlier. Analysts polled by Refinitiv were expecting earnings of $3.36 a share.

On an adjusted basis, income from operations was $3.90 a share, above analysts' estimates of $3.73 a share.

Total revenue more than tripled from a year ago to $37.95 billion. Analysts estimated revenue of $33.11 billion.

The company said that contributions from the closing of its Express Scripts Holding Co. merger in December were reflected in its Health Services segment results for the quarter, compared with results from a year ago.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

May 02, 2019 06:34 ET (10:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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