Cigna Corp. (CI) Tops Q1 EPS by 72c, Beats on Revenues; Raises FY18 Outlook

Cigna Corp. (NYSE: CI) reported Q1 EPS of $4.11, $0.72 better than the analyst estimate of $3.39. Revenue for the quarter came in at $11.4 billion versus the consensus estimate of $11.05 billion.

• Total revenues1 increased 9% to $11.4 billion in the first quarter
• Shareholders’ net income for the first quarter was $915 million, or $3.72 per share
• Adjusted income from operations2 in the first quarter was $1.0 billion, or $4.11 per share
• Global medical customer base3 is now projected to grow in the range of 400,000 to 500,000 lives in 2018
• Adjusted income from operations2,4,5 is now projected to grow in the range of 19% to 23%, to $3.17 billion to $3.27 billion in 2018, or $12.85 to $13.25 per share5

GUIDANCE:

Cigna Corp. sees FY2018 EPS of $12.85-$13.25, versus the consensus of $12.84.

For earnings history and earnings-related data on Cigna Corp. (CI) click here.

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