Cigna beats earnings expectations and raises revenue outlook, but stock falls
Cigna Corp. reported Thursday second-quarter profit and revenue that topped forecasts, amid strength in the health insurers pharmacy business, while growth in customer relationships slowed from the previous quarter. The stock fell 2.8% in premarket trading. Net income fell to $1.47 billion, or $4.25 a share, from $1.75 billion, or $4.73 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share declined to $5.24 from $5.81 but beat the FactSet consensus of $4.96. Читать дальше...
