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CI Cigna Group

363.00
5.96 (1.67%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cigna Group NYSE:CI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  5.96 1.67% 363.00 359.36 348.43 350.00 1,904,491 01:00:00

Cigna 2Q Profit, Revenue Rise on Deferred Medical Care

30/07/2020 11:48am

Dow Jones News


Cigna (NYSE:CI)
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From May 2019 to May 2024

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By Dave Sebastian

 

Cigna Corp. booked higher profit and revenue for the second quarter, reflecting lower medical costs from deferred care due to the Covid-19 pandemic.

The Bloomfield, Conn.-based health-care company posted net income of $1.75 billion, or $4.73 a share, compared with $1.41 billion, or $3.70 a share, in the year-ago period. Adjusted earnings were $5.81 a share.

Analysts polled by FactSet were expecting earnings of $4.30 a share, or $5.15 a share on an adjusted basis.

Revenue grew 1.2% to $39.27 billion. Analysts were looking for $37.87 billion. Adjusted revenue was $39.2 billion.

The company's customer base fell by 62,000 customers to 17.1 million for the quarter, it said.

Cigna continues to expect 2020 adjusted earnings of $18 a share to $18.60 a share on adjusted revenues of $154 billion to $156 billion.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

July 30, 2020 06:33 ET (10:33 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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