Cigna Profit Rises Led By Strength in Health Services, Medical Units
May 02 2019 - 06:49AM
Dow Jones News
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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