Cigna Bumps Up FY19 Projections

Date : 05/02/2019 @ 1:15PM
Source : Dow Jones News
Stock : Cigna Corporation (CI)
Quote : 170.38  0.0 (0.00%) @ 1:00AM
Cigna share price Chart

Cigna Bumps Up FY19 Projections

Cigna (NYSE:CI)
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By Kimberly Chin

 

Cigna Corp. (CI) raised its adjusted earnings projections for the year, as contributions from its Express Scripts Holding Co. merger helped lift its bottom line in its first quarter.

The health insurer has raised its adjusted income from operations at the high point of its guidance by $40 million. It now expects $6.24 billion to $6.4 billion. On a per-share basis, it now expects adjusted earnings between $16.25 to $16.65.

It also expects to add another $1 billion in revenues from its previous forecast to $132.5 billion to $134.5 billion.

 

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

 

(END) Dow Jones Newswires

May 02, 2019 08:00 ET (12:00 GMT)

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

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